Document:

Exhibit 10.1

 

 

 

 

SEPARATION
AGREEMENT AND GENERAL RELEASE

 

This Separation Agreement
and General Release (the “Agreement”) sets forth the agreement between William D. Smith (“You”) and UFP
Technologies, Inc. (“UFP”) regarding the termination of your employment and is made as of the date You sign below.

 

By signing and returning
this Agreement, you will be entering into a binding agreement with UFP on the terms and conditions, including the release of claims,
set forth below. If you choose not to sign and return this Agreement, you shall not receive the Severance Benefits described below.
You will, however, receive payment of all Earned Compensation through the Separation Date. If applicable, You will continue to
be covered under UFP’s medical, dental, and vision plans until the end of the month, at which time you may elect to continue
receiving medical, dental and vision insurance pursuant to the Consolidated Omnibus Budget Reconciliation Act (“COBRA”)
governing continuation of health insurance coverage. Notification of your rights under COBRA and an election form, as well as information
regarding your enrollment under other UFP benefit plans will be provided to you in the next 30 days by mail to the last address
that you provided to UFP.

 

1.           
Separation Date. Your last day of employment with UFP will be September 25, 2020 (the “Separation Date”).
You will resign as an officer as of that date and you acknowledge that from and after that date, you will have no authority and
shall not represent yourself as an employee or agent of UFP. Your employment and all benefits associated with such employment will
terminate on the Separation Date, unless specifically stated otherwise in this Agreement.

 

2.           
Earned Compensation. You will be paid through September 25, 2020, at which time you will receive your final compensation
check. This check will include your wages for the last pay period and pay for all accrued but unused Paid Time Off hours as of
your Separation Date, less applicable withholdings and deductions. You acknowledge that upon receipt of your final check you have
been paid in full for all wages, bonuses, commissions and other compensation due and owing from UFP, including any accrued Paid
Time Off hours.

 

3.           
Severance Benefits. In exchange for the mutual covenants set forth in this Agreement, subject to your compliance
with the terms of this Agreement and subject to UFP’s receipt of a fully-executed copy of this Agreement (including the release),
UFP agrees to provide you with the following Severance Benefits (the “Severance Benefits”):

 

a.           
Severance Pay equal to 21 weeks of base pay at your rate of pay on the Separation Date, less applicable withholdings
and deductions (“Severance Pay”). Such Severance Pay will be payable in accordance with UFP’s regular payroll
schedule, over the same timeframe that such Severance Pay represents, commencing no later than the next regularly scheduled payroll
following the date UFP receives the fully executed Agreement from You.

 

b.           
If you elect COBRA continuation coverage, UFP will pay the premium for October of 2020. After October, you may continue coverage
at your own expense or you may cancel coverage.

 

c.           
You acknowledge and agree that, but for your execution of this Agreement within the timeframe set forth herein, you would not be
entitled to any of the Severance Benefits provided in this Agreement.

 

     	 	 	Employee Initials	 
	 	 	______________	 

     

    

 

4.           
Return of UFP Property. You will return all UFP Property on or before your Separation Date.

 

5.           
Release of Claims. As a material inducement to UFP to enter into this Agreement and in consideration for the Severance
Benefits described in this Agreement, to the fullest extent allowed by law, you are releasing UFP from any and all claims you may
have. This is intended to operate as a general release, and the following paragraphs in no way limit the scope of the release but
are non-exhaustive examples of the types of claims being released.

 

You, individually and
on behalf of your heirs, next of kin, estate, executors, administrators, successors and representatives (collectively referred
to as the “Releasors”), hereby irrevocably and unconditionally remise, release, acquit and forever discharge UFP Technologies,
Inc., and its past, present and future parent companies, subsidiaries, affiliates, divisions, and related entities, and their respective
past, present and future shareholders, directors, officers, members, partners, principals, trustees, employees, agents, representatives,
insurers, predecessors, successors, and assigns (collectively referred to as “Releasees”) from any and all charges,
complaints, claims, liabilities, obligations, promises, agreements, controversies, damages, actions, causes of action, suits, rights,
demands, costs, losses, debts and expenses (including attorney’s fees and costs), of any nature whatsoever, known or unknown,
which the Releasors, or any of them, now have or claim to have or which the Releasors at any time had or claimed to have had against
the Releasees, or any of them, up to the date of this Agreement, and particularly claims arising out of, related to or in connection
with your employment with UFP and/or termination thereof.

 

This release includes,
but is not limited to, claims at common law or created by federal, state or local statute, regulation or ordinance, including but
not limited to the Age Discrimination in Employment Act of 1967, 29 U.S.C. 621 and the Older Workers’ Benefit Protection
Act of 1990, as amended, the Civil Rights Act of 1964, 42 U.S.C. 2000e-1 et seq., the Civil Rights Act of 1991, the Fair
Labor Standards Act, the Americans with Disabilities Act, the Employee Retirement Income Security Act, and any and all state and
local anti-discrimination laws including but not limited to the Massachusetts Fair Employment Practices Act (G.L. chapter 151B).
Nothing in this Agreement prevents you from filing, cooperating with, or participating in any proceeding before the Equal Employment
Opportunity Commission (“EEOC”), the Massachusetts Commission Against Discrimination (“MCAD”), or any other
federal or state anti-discrimination agency. You acknowledge, however, that you waive any right to recover monetary benefits, claims
for reinstatement, attorneys’ fees or costs in connection with any such proceeding. 

 

6.           
Older Workers’ Benefit Protection Act Waiver. This Agreement is intended to comply with the Older Workers Benefit
Protection Act of 1990 regarding your waiver of rights under the Age Discrimination in Employment Act (“ADEA”).

 

a.           
You are specifically waiving your rights and claims under the ADEA.

 

b.           
The waiver of rights and claims under the ADEA does not extend to any rights or claims arising after the date you execute this
Agreement.

 

     	 	 2	Employee Initials	 
	 	 	______________	 

     

    

 

c.           
You acknowledge that you: (i) have carefully read and fully understand all of the provisions of this Agreement; (ii) knowingly
and voluntarily agree to, and intend to be legally bound by, all of the terms set forth in this Agreement; and (iii) that you are
receiving Severance Benefits to which you are not otherwise entitled.

 

d.           
You acknowledge that the Company has advised you that due to softer business activity in 2020 as a result of the COVID crisis,
it has decided to reduce labor costs. The group of employees considered for this reduction in force (“RIF”) include
employees in the Corporate department. Selection criteria for employees included in the RIF was based on cost savings and the Company’s
business needs for the position. Exhibit A, which is attached, is a list of the job titles that were considered, age of the employee
and RIF status.

 

e.           
You acknowledge that UFP has advised you to consult with an attorney of your choice prior to signing this Agreement. You further
acknowledge that you have had the opportunity to consult with an attorney of your choice with respect to all terms and conditions
set forth in this Agreement and to have the advice of counsel with respect to your decision to sign and enter into this Agreement.

 

f.            
You acknowledge that you have had forty-five (45) days to consider the terms and conditions of this Agreement, to consult with
counsel of your choice, and to decide whether to sign and enter into this Agreement. If you sign this Agreement prior to the expiration
of the forty-five (45) day period, you acknowledge that in doing so you will voluntarily waive the balance of the forty-five (45)
days permitted. The forty-five (45) day period will not be extended due to negotiations or revisions to this Agreement.

 

g.           
You have seven (7) days after executing this Agreement to revoke your acceptance of it. Any such revocation must be received in
writing within the 7-day revocation period by:

 

UFP Technologies, Inc.

100 Hale Street

Newburyport, MA 01950

Attn.: Amy Concannon, Human Resources

 

The parties acknowledge and agree that
this Agreement is neither effective nor enforceable and neither party is obligated to perform the promises contained herein in
the event that the Agreement is revoked, or until expiration of the 7-day revocation period (the “Effective Date”).

 

		7.	Confidentiality; Non-disparagement. You expressly acknowledge and agree that:

 

		a.	You will comply with the terms of UFP’s Confidential Information Agreement, which you may request a copy of at any time.

 

		b.	You will not disclose any information relating in any way to the terms of this Agreement, except that you may disclose the
terms to an immediate family member, legal counsel or financial advisor, provided that any such individual to whom disclosure is
made agrees to be bound by these confidentiality obligations, and as required by law, including but not limited to applying for
unemployment benefits.

 

     	 	 3	Employee Initials	 
	 	 	______________	 

     

    

 

		c.	You have not and will not, at any time, including from the date of this Agreement to the date of
execution of this Agreement and at all times afterwards, make any remarks or comments to anyone, whether orally or in writing,
which reasonably could be construed to be derogatory or disparaging about UFP or any of its current or former affiliates, divisions,
subsidiaries and/or related entities, or any of their respective directors, officers, employees, products or services, or which
comments reasonably could be anticipated to be damaging or injurious to the reputation or good will of same. If you have failed
to comply with this Section before execution of this Agreement, the severance offer set forth in this Agreement may be rescinded,
even if you subsequently sign this Agreement.

 

8.           
Breach. You agree that the Severance Benefits under this Agreement shall be subject to immediate termination, forfeiture
and/or repayment if you take any action or engage in any conduct deemed by UFP to be in violation of this Agreement including but
not limited to your obligations under Section 7. You further acknowledge that any breach of this Agreement by you will cause irreparable
damage to UFP, and that in the event of such breach, UFP shall be entitled, in addition to monetary damages and to any other remedies
available to UFP under this Agreement and at law, to equitable relief, including injunctive relief, and to payment by you of all
costs and attorneys’ fees incurred by UFP in enforcing the provisions of this Agreement.

 

9.           
Cooperation. You agree to cooperate fully with UFP in any transition, and/or the defense or prosecution of any claims
or actions now in existence or which may be brought or threatened in the future against or on behalf of UFP, and any claim or action
brought by UFP against any other entity. You further agree that should you be contacted (directly or indirectly) by any individual
or entity about matters that may be adverse to the business interests of UFP, you will promptly (within 48 hours) notify UFP of
such contact including who contacted you and the substance of any such contact.

 

10.        
Miscellaneous. This Agreement shall not in any way be construed as an admission by UFP that it has acted wrongfully
or unlawfully in respect to you, and UFP specifically denies the same. This Agreement constitutes the entire agreement between
you and UFP and supersedes all other agreements and understandings, written and oral, with respect to your employment, its termination
and all related matters. This Agreement may not be modified, supplemented, canceled or discharged in any manner except in a written
document signed by both parties. Should any part, term or provision of this Agreement be determined by any tribunal, administrative
agency or court of competent jurisdiction to be illegal, invalid or unenforceable, the validity of the remaining parts, terms or
provisions shall not be affected thereby. This Agreement shall be interpreted under the laws of the Commonwealth of Massachusetts
without consideration of its conflict of laws provisions. Any action shall be filed exclusively in the state or federal courts
of the Commonwealth of Massachusetts.

 

11.        
Counterparts. This Agreement may be executed in separate counterparts, each of which shall be considered an original,
but all of which shall constitute one Agreement.

 

 

 

 

     	 	 4	Employee Initials	 
	 	 	______________	 

     

    

 

	 	UFP TECHNOLOGIES, INC.	 
	 	 	 
	 	 	 	 
	 	By:	R. Jeffrey Bailly	 
	 	 	President and CEO

 

 

 

 

 

 

 

If you execute this Agreement prior to the end of the forty-five
(45) day period set forth above, by signing below, you acknowledge and agree that you have waived the remainder of the forty-five
(45) day period. 

 

ACKNOWLEDGED AND AGREED:

 

 

	 	 
	William D. Smith	 
	 	 
	 	 
	Date	 

 

 

 

 

 

 

 

 

 

 

	 	 5	Employee Initials	 
	 	 	______________EX-10.7

 Exhibit 10.7 

Altitude Acquisition Corp. 

1240 West Wesley Road 
 Atlanta,
Georgia 30327 
 August 12, 2020 
 Altitude
Acquisition Holdco LLC 
 1240 West Wesley Road 
 Atlanta,
Georgia 30327 
 RE: Securities Subscription Agreement 

Ladies and Gentlemen: 
 Altitude Acquisition
Corp., a Delaware corporation (the “Company”, “we” or “us”), is pleased to accept the offer made by Altitude Acquisition Holdco LLC, a Delaware limited liability company
(“Subscriber” or “you”), to purchase 8,625,000 shares (the “Shares”) of Class B common stock of the Company, $0.0001 par value per share (“Common Stock”), up to 1,125,000 of
which are subject to forfeiture by you to the extent that the underwriters of the initial public offering (“IPO”) of the Company’s units, each comprised of one share of Common Stock and one, or a portion of one, warrant to
purchase one share of Common Stock (“Units”), do not fully exercise their option to purchase additional Units to cover over-allotments, if any (the “Over-allotment Option”). The terms of the sale by the Company of
the Shares to Subscriber, and the Company and Subscriber’s agreements regarding the Shares, are as follows: 
 1.    Purchase of
Securities. 
 1.1.    Purchase of Shares. For the sum of $25,000 (the “Purchase Price”),
which the Company acknowledges receiving in cash, the Company hereby issues the Shares to Subscriber, and Subscriber hereby purchases the Shares from the Company, on the terms and subject to the conditions, including regarding forfeiture, set forth
in this letter agreement (this “Agreement”). Concurrently with Subscriber’s execution of this Agreement, the Company shall, at its option, deliver to Subscriber a certificate registered in Subscriber’s name representing
the shares (the “Original Certificate”) or effect such delivery in book-entry form. 
 2.    Representations,
Warranties and Agreements. 
 2.1.    Subscriber’s Representations, Warranties and Agreements. To induce
the Company to issue the Shares to Subscriber, Subscriber hereby represents and warrants to the Company and agrees with the Company as follows: 

2.1.1.    Organization and Authority. Subscriber is a limited liability company, duly organized, validly existing
and in good standing under the laws of State of Delaware, and possesses all requisite power and authority necessary to carry out the transactions contemplated by this Agreement. This Agreement is a legal, valid and binding agreement of Subscriber,
enforceable against Subscriber in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, fraudulent conveyance or similar laws affecting the enforcement of creditors’ rights generally and
subject to general principles of equity (regardless of whether enforcement is sought in a proceeding at law or in equity). 

 2.1.2.    No Conflicts. The execution, delivery and performance
of this Agreement and the consummation by Subscriber of the transactions contemplated hereby do not violate, conflict with or constitute a default under (i) the formation and governing documents of Subscriber, (ii) any agreement, indenture
or instrument to which Subscriber is a party or (iii) any law, statute, rule, regulation, order, judgment or decree to which Subscriber is subject. 

2.1.3.    No Governmental Consents. No governmental, administrative or other third party consents or approvals are
required, necessary or appropriate on the part of Subscriber in connection with the transactions contemplated by this Agreement. 

2.1.4.    Experience, Financial Capability and Suitability. Subscriber is sophisticated in financial matters and is
able to evaluate the risks and benefits of the investment in the Shares. Subscriber acknowledges that the Shares have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), and therefore cannot be
sold unless subsequently registered under the Securities Act or an exemption from such registration is available. Subscriber understands that it must bear the economic risk of this investment until the Shares are sold pursuant to: (i) an
effective registration statement under the Securities Act or (ii) an exemption from registration available with respect to such sale. Subscriber is able to bear the economic risk of an investment in the Shares for an indefinite period of time
and to afford a complete loss of Subscriber’s investment in the Shares. 
 2.1.5.    No Government
Recommendation or Approval. Subscriber understands that no federal or state agency has passed upon or made any recommendation or endorsement of the offering of the Shares. 

2.1.6.    Access to Information; Independent Investigation. Prior to the execution of this Agreement, Subscriber
has had the opportunity to ask questions of and receive answers from representatives of the Company concerning an investment in the Company, as well as the financial condition, business and prospects of the Company, and the opportunity to obtain
additional information to verify the accuracy of all information so obtained. In determining whether to make this investment, Subscriber has relied solely on Subscriber’s own knowledge and understanding of the Company and its business based
upon Subscriber’s own due diligence investigation. Subscriber understands that no person has been authorized to make any representations other than as set forth in this Agreement and Subscriber has not relied on any other written or oral
representations relating to the financial condition, business and prospects of the Company in making its investment decision. 

2.1.7.    Investment Representations. Subscriber represents that it is an “accredited investor” as such
term is defined in Rule 501(a) of Regulation D under the Securities Act and acknowledges the sale contemplated hereby is being made in reliance on the private placement exemption in Section 4(a)(2) of the Securities Act and/or said Regulation D
and similar exemptions under state law. Subscriber is purchasing the Shares solely for investment purposes, for 

  
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Subscriber’s own account and not for the account or benefit of any other person, and not with a view towards the distribution or dissemination thereof. Subscriber did not decide to enter
into this Agreement as a result of any general solicitation or general advertising within the meaning of Rule 502 under the Securities Act. 

2.1.8.    Restrictions on Transfer; Shell Company. Subscriber understands the Shares are being offered in a
transaction not involving a public offering within the meaning of the Securities Act. Subscriber understands the Shares will be “restricted securities” within the meaning of Rule 144(a)(3) under the Securities Act, and Subscriber
understands that the certificates or book-entries representing the Shares will contain a legend or notation in respect of such restrictions. If, in the future, Subscriber decides to offer, resell, pledge or otherwise transfer the Shares, such Shares
may be offered, resold, pledged or otherwise transferred only pursuant to: (i) an effective registration statement under the Securities Act or (ii) an exemption from registration available with respect to such sale. Subscriber agrees that
if any transfer of its Shares or any interest therein is proposed to be made, as a condition precedent to any such transfer, Subscriber may be required to deliver to the Company an opinion of counsel satisfactory to the Company. Absent registration
or available exemption, Subscriber agrees not to resell the Shares. Subscriber further acknowledges that because the Company is a shell company, Rule 144 may not be available to Subscriber for the resale of the Shares until one year following
consummation of the initial business combination of the Company, despite the release or waiver of any contractual transfer restrictions. 

2.2.    Company’s Representations, Warranties and Agreements. To induce Subscriber to purchase the Shares, the
Company hereby represents and warrants to Subscriber and agrees with Subscriber as follows: 
 2.2.1.    Organization
and Authority. The Company is a corporation, duly organized, validly existing and in good standing under the laws of the State of Delaware, and possesses all requisite power and authority necessary to carry out the transactions contemplated by
this Agreement. This Agreement is a legal, valid and binding agreement of the Company, enforceable against the Company in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, fraudulent
conveyance or similar laws affecting the enforcement of creditors’ rights generally and subject to general principles of equity (regardless of whether enforcement is sought in a proceeding at law or in equity). 

2.2.2.    No Conflicts. The execution, delivery and performance of this Agreement and the consummation by the
Company of the transactions contemplated hereby do not violate, conflict with or constitute a default under (i) the formation and governing documents of the Company, (ii) any agreement, indenture or instrument to which the Company is a
party or (iii) any law, statute, rule, regulation, order, judgment or decree to which the Company is subject. 

2.2.3.    No Governmental Consents. No governmental, administrative or other third party consents or approvals are
required, necessary or appropriate on the part of the Company in connection with the transactions contemplated by this Agreement. 

  
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 2.2.4.    Title to Securities. Upon issuance in accordance with,
and payment pursuant to, the terms hereof, the Shares will be duly and validly issued, fully paid and nonassessable. Upon issuance in accordance with, and payment pursuant to, the terms hereof, Subscriber will have or receive good title to the
Shares, free and clear of all liens, claims and encumbrances of any kind, other than (a) transfer restrictions hereunder and other agreements to which the Shares may become subject, (b) transfer restrictions under federal and state
securities laws, and (c) liens, claims or encumbrances imposed due to the actions of Subscriber. 
 3.    Forfeiture of
Shares. 
 3.1.    Partial or No Exercise of the Over-allotment Option. In the event the Over-allotment Option
is not exercised in full, Subscriber acknowledges and agrees that it (or, if applicable, it and/or any transferees of Shares) shall forfeit any and all rights to such number of Shares (up to an aggregate of 1,125,000 Shares (as such amount may be
adjusted for share splits, share dividends, reorganizations, recapitalizations and the like) and pro rata based upon the percentage of the Over-allotment Option exercised) such that immediately following such forfeiture, Subscriber (and all other
initial stockholders of the Company prior to the IPO, if any) will own an aggregate number of Shares equal to 20% of the issued and outstanding Shares immediately following the IPO. 

3.2.    Termination of Rights as Stockholder. If any of the Shares are forfeited in accordance with this
Section 3, then after such time Subscriber (or its successor in interest), shall no longer have any rights as a holder of such forfeited Shares, and the Company shall take such action as is appropriate to cancel such forfeited Shares. 

3.3.    Share Certificates. In the event an adjustment to the Original Certificates, if any, is required pursuant
to this Section 3, then Subscriber shall return such Original Certificates to the Company or its designated agent as soon as practicable upon its receipt of notice from the Company advising Subscriber of such adjustment, following which a new
certificate (the “New Certificate”), if any, shall be issued in such amount representing the adjusted number of Shares held by Subscriber. The New Certificate, if any, shall be returned to Subscriber as soon as practicable. Any such
adjustment for any uncertificated securities held by Subscriber shall be made in book-entry form. 
 4.    Waiver of Redemption
Rights. Subscriber hereby waives any and all rights to redeem the Shares for a portion of the amounts held in the trust account into which substantially all of the proceeds of the IPO will be deposited (the “Trust Account”) in
the event of the Company’s failure to timely complete an initial business combination, an extension of the time period to complete an initial business combination or upon the consummation of an initial business combination. For purposes of
clarity, in the event Subscriber purchases shares of Common Stock included in the Units issued in the IPO (“Public Shares”), either in the IPO or in the aftermarket, any Public Shares so purchased shall be eligible to be redeemed
for a portion of the amounts held in the Trust Account in the event of the Company’s failure to timely complete an initial business combination (but, for the avoidance of doubt, not in connection with an extension of the time period to complete
an initial business combination or upon the consummation of an initial business combination). 

  
 4 

 5.    Restrictions on Transfer. 

5.1.    Securities Law Restrictions. In addition to any restrictions to be contained in that certain letter
agreement (commonly known as an “Insider Letter”) to be dated as of the closing of the IPO by and between Subscriber and the Company (which will also contain other agreements with respect to the Shares), Subscriber agrees not to
sell, transfer, pledge, hypothecate or otherwise dispose of all or any part of the Shares unless, prior thereto, (a) a registration statement on the appropriate form under the Securities Act and applicable state securities laws with respect to
the Shares proposed to be transferred shall then be effective or (b) the Company has received an opinion from counsel, reasonably satisfactory to the Company, that registration is not required because such transaction is exempt from
registration under the Securities Act and the rules promulgated by the Securities and Exchange Commission thereunder and all applicable state securities laws. 

5.2.    Restrictive Legends. Any certificates representing the Shares shall have endorsed thereon legends
substantially as follows (and any book-entries representing the Shares shall have similar notations): 
 “THE
SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS AND NEITHER THE SECURITIES NOR ANY INTEREST THEREIN MAY BE OFFERED, SOLD, TRANSFERRED, PLEDGED, HYPOTHECATED OR
OTHERWISE DISPOSED OF EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER SUCH ACT OR SUCH LAWS OR AN EXEMPTION FROM REGISTRATION UNDER SUCH ACT AND SUCH LAWS WHICH, IN THE OPINION OF COUNSEL, IS AVAILABLE.” 

“THE SECURITIES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO ADDITIONAL RESTRICTIONS ON TRANSFER SET FORTH IN A LETTER
AGREEMENT WITH THE COMPANY (A COPY OF WHICH MAY BE OBTAINED FROM THE COMPANY AT THE COMPANY’S PRINCIPAL PLACE OF BUSINESS WITHOUT CHARGE) AND MAY NOT BE OFFERED, SOLD, TRANSFERRED, PLEDGED, HYPOTHECATED OR OTHERWISE DISPOSED OF IN VIOLATION OF
SUCH RESTRICTIONS.” 
 5.3.    Additional Shares or Substituted Securities. In the event of the declaration
of a share dividend, the declaration of an extraordinary dividend payable in a form other than Shares, a spin-off, a share split, an adjustment in conversion ratio, a recapitalization or a similar transaction
affecting the Company’s outstanding Shares without receipt of consideration, any new, substituted or additional securities or other property which are by reason of such transaction distributed with respect to any Shares subject to this
Section 5 or into which such Shares thereby become 

  
 5 

 
convertible shall immediately be subject to this Section 5 and Section 3 hereof. Appropriate adjustments to reflect the distribution of such securities or property shall be made to the
number and/or class of Shares subject to this Section 5 and Section 3. 
 6.    Other Agreements. 

6.1.    Further Assurances. Subscriber agrees to execute such further instruments and to take such further action as
may reasonably be necessary to carry out the intent of this Agreement. 
 6.2.    Notices. All notices,
statements or other documents which are required or contemplated by this Agreement shall be in writing and delivered (i) personally or by certified mail (return receipt requested) or overnight courier service or (ii) by electronic mail, if
to the Company, at the address of its principal offices and any electronic mail address as may be designated in writing by the Company and, if to Subscriber, at its address in the books and records of the Company and any electronic mail address as
may be designated in writing by Subscriber, or to such other addresses as may be designated in writing by the Company or Subscriber. All such notices, statements or other documents shall be deemed received on the date of receipt by the recipient
thereof if received prior to 8:00 p.m. on a business day in the place of receipt. Otherwise, any such notices, statements or other documents shall be deemed to have been received on the next succeeding business day in the place of receipt. 

6.3.    Entire Agreement. This Agreement, together with the Insider Letter and the registration rights agreement to
be entered into with respect to the Shares, each substantially in the form to be filed as an exhibit to the Registration Statement on Form S-1 associated with the Company’s IPO, embodies the entire
agreement and understanding between Subscriber and the Company with respect to the subject matter hereof and supersedes all prior oral or written agreements and understandings relating to the subject matter hereof. No statement, representation,
warranty, covenant or agreement of any kind not expressly set forth in this Agreement shall affect, or be used to interpret, change or restrict, the express terms and provisions of this Agreement. 

6.4.    Modifications and Amendments. The terms and provisions of this Agreement may be modified or amended only by
written agreement executed by all parties hereto. 
 6.5.    Waivers and Consents. The terms and provisions of
this Agreement may be waived, or consent for the departure therefrom granted, only by a written document executed by the party entitled to the benefits of such terms or provisions. No such waiver or consent shall be deemed to be or shall constitute
a waiver or consent with respect to any other terms or provisions of this Agreement, whether or not similar. Each such waiver or consent shall be effective only in the specific instance and for the purpose for which it was given, and shall not
constitute a continuing waiver or consent. 
 6.6.    Assignment. The rights and obligations under this Agreement
may not be assigned by either party hereto without the prior written consent of the other party. 

  
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 6.7.    Benefit. All statements, representations, warranties,
covenants and agreements in this Agreement shall be binding on the parties hereto and shall inure to the benefit of the respective successors and permitted assigns of each party hereto. Nothing in this Agreement shall be construed to create any
rights or obligations except among the parties hereto, and no person or entity shall be regarded as a third-party beneficiary of this Agreement. 

6.8.    Governing Law. This Agreement and the rights and obligations of the parties hereunder shall be construed in
accordance with and governed by the laws of the State of Delaware applicable to contracts wholly performed within the borders of such state, without giving effect to the conflict of law principles thereof. 

6.9.    Severability. In the event that any court of competent jurisdiction shall determine that any provision, or
any portion thereof, contained in this Agreement shall be unreasonable or unenforceable in any respect, then such provision shall be deemed limited to the extent that such court deems it reasonable and enforceable, and, as so limited, shall remain
in full force and effect. In the event that such court shall deem any such provision, or portion thereof, wholly unenforceable, the remaining provisions of this Agreement shall nevertheless remain in full force and effect. 

6.10.    No Waiver of Rights, Powers and Remedies. No failure or delay by a party hereto in exercising any right,
power or remedy under this Agreement, and no course of dealing between the parties hereto, shall operate as a waiver of any such right, power or remedy of such party. No single or partial exercise of any right, power or remedy under this Agreement
by a party hereto, nor any abandonment or discontinuance of steps to enforce any such right, power or remedy, shall preclude such party from any other or further exercise thereof or the exercise of any other right, power or remedy hereunder. The
election of any remedy by a party hereto shall not constitute a waiver of the right of such party to pursue other available remedies. No notice to or demand on a party not expressly required under this Agreement shall entitle the party receiving
such notice or demand to any other or further notice or demand in similar or other circumstances or constitute a waiver of the rights of the party giving such notice or demand to any other or further action in any circumstances without such notice
or demand. 
 6.11.    Survival of Representations and Warranties. All representations and warranties made by the
parties hereto in this Agreement or in any other agreement, certificate or instrument provided for or contemplated hereby, shall survive the execution and delivery hereof and any investigations made by or on behalf of the parties. 

6.12.    No Broker or Finder. Each of the parties hereto represents and warrants to the other that no broker,
finder or other financial consultant has acted on its behalf in connection with this Agreement or the transactions contemplated hereby in such a way as to create any liability on the other. Each of the parties hereto agrees to indemnify and save the
other harmless from any claim or demand for commission or other compensation by any broker, finder, financial consultant or similar agent claiming to have been employed by or on behalf of such party and to bear the cost of legal expenses incurred in
defending against any such claim. 

  
 7 

 6.13.    Headings and Captions. The headings and captions of the
various subdivisions of this Agreement are for convenience of reference only and shall in no way modify or affect the meaning or construction of any of the terms or provisions hereof. 

6.14.    Counterparts. This Agreement may be executed in one or more counterparts, all of which when taken together
shall be considered one and the same agreement and shall become effective when counterparts have been signed by each party and delivered to the other party, it being understood that both parties need not sign the same counterpart. In the event that
any signature is delivered in pdf format via electronic mail, such signature shall create a valid and binding obligation of the party executing (or on whose behalf such signature is executed) with the same force and effect as if such signature page
were an original thereof. 
 6.15.    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. 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. 

6.16.    Mutual Drafting. This Agreement is the joint product of Subscriber and the Company and each provision
hereof has been subject to the mutual consultation, negotiation and agreement of such parties and shall not be construed for or against any party hereto. 

[Signature Page Follows] 

  
 8 

 If the foregoing accurately sets forth our understanding and agreement, please sign the
enclosed copy of this Agreement and return it to us. 
  

			
	Very truly yours,
	ALTITUDE ACQUISITION CORP.
		
	By:	 	 /s/ Gary Teplis

		 	Name: Gary Teplis
		 	 Title: Chief Executive Officer and

President

 Accepted and agreed as of the date first written above. 

			
	ALTITUDE ACQUISITION HOLDCO LLC
		
	By:	 	 /s/ Gary Teplis

		 	 Name: Gary Teplis
 Title: Managing
Member

  
 [Signature Page to
Securities Subscription Agreement]

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