Document:

azek-ex101_14.htm

Exhibit 10.1

Transition Agreement and Release

 

This TRANSITION AGREEMENT AND RELEASE (this “Agreement”) is made this 19th day of July, 2021 (the “Effective Date”) by and between Ralph Nicoletti (the “Employee”) and CPG International LLC, a Delaware limited liability company doing business as The AZEK Company Inc., located at 1330 W Fulton Street, #350, Chicago, Illinois 60607 (the “Company”).  Any term used and not defined herein has the meaning set forth in the Employment Agreement between the Employee and the Company, dated December 21, 2018 (the “Employment Agreement”).

 

WHEREAS, the Employee’s employment with the Company will be terminated pursuant to a mutually agreed separation effective as of August 16, 2021 (the “Separation Date”); 

 

WHEREAS, the Employee has agreed to remain employed by the Company and the Company has agreed to continue to employ the Employee, pursuant to the terms of this Agreement, until the Separation Date; and

 

WHEREAS, the Employee has agreed to provide consulting services following the Separation Date and the Company has agreed to engage the Employee to perform such consulting services, pursuant to the terms of this Agreement. 

 

NOW, THEREFORE, in consideration of the mutual promises contained herein, and intending to be legally bound, the parties agree as follows:

 

1.Transition of Employment.

 

(a)Transition Period. As of the Effective Date, the Employee shall remain in the position of Chief Financial Officer (“CFO”) of the Company and will serve in that role until the Separation Date (such period, the “Transition Period”) unless earlier terminated in accordance with this Agreement.  Effective as of the Separation Date, the Employee’s employment with the Company shall terminate.

 

(b)Duties. During the Transition Period, the Employee shall continue to perform the duties outlined under Section 1 of the Employment Agreement. 

 

(c)Prior Positions and Responsibilities. Upon the Separation Date, the Employee hereby resigns from his role as CFO and from any role the Employee has as a director, officer or employee of the Company or its affiliates, except as otherwise provided under this Agreement. The Employee agrees that nothing in this Agreement shall constitute Good Reason for purposes of his Employment Agreement.

 

(d)Compensation During Transition Period.

 

i.Base Salary. Through the Separation Date, the Employee shall continue to be paid his annual base salary, at the current rate of $520,000 per year (pro-rated for any partial years).

 

 

ii.Benefits. Through the Separation Date, the Employee will continue to be eligible to participate in benefit programs as set forth in Section 3 of the Employment Agreement.

 

 

 

	
 
	
(e)
	
Early Termination. 

 

i.Termination without Cause. If, prior to the Separation Date, the Employee’s service under this Agreement is terminated by the Company without Cause, the Employee will be entitled to the separation payments set out in Section 3 of this Agreement as though his employment continued through the Separation Date. 

 

ii.Termination for Cause or Resignation. If, prior to the Separation Date, the Employee’s service hereunder is terminated (1) by the Company for Cause or (2) by the Employee for any reason, the Employee shall not be entitled to any further compensation under this Agreement or the Employment Agreement, other than pursuant to Section 3(a).

 

2.Consulting Period.

 

(a)Consulting Period. Effective as of the Separation Date, the Employee shall commence providing consulting services to the Company as adviser to the successor CFO and will serve in that role until September 30, 2021 (such period, the “Consulting Period”), unless earlier terminated in accordance with this Agreement.

 

(b)Duties. During the Consulting Period, the Employee shall be available for consultation with the successor CFO as requested by the Company and will dedicate up to twenty (20) hours a week to providing such services as and to the extent requested by the Company’s management.  

 

(c)Compensation During Consulting Period.

 

i.Consulting Fee. During the Consulting Period, the Employee shall be paid a consulting fee equal to $21,667 per month (pro-rated for any partial months) (the “Consulting Fee”).

 

ii.Annual Bonus. The Employee will be eligible to receive an annual incentive bonus for fiscal year 2021 in accordance with the Employment Agreement and the Company’s Management Incentive Plan, subject to the release set forth in Section 6 becoming irrevocable following the Separation Date in accordance with Section 8. Such incentive bonus shall be pro-rated based on the Employee’s actual service during fiscal year 2021 through the Consulting Period and payment shall occur at the same time as for other employees of the Company (and no later than December 31, 2021) and based on the Company’s actual performance results. Any individual performance of the Employee will be assessed based on the actual individual achievement and contributions made by the Employee during fiscal year 2021 and will be consistent with past practice and with those assessments of other similarly situated employees.

 

iii.Benefits. Following the Separation Date, the Employee will not be eligible to participate in the Company’s benefit programs.

 

(d)Independent Contractor Status.  In performing the consulting services pursuant to this Agreement during the Consulting Period the Employee will be acting and shall act at all times as an independent contractor only and not as an employee, agent, partner or joint venturer 

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of or with the Company or any of its affiliates. The Employee shall be solely responsible for the payment of all Federal, state, local and foreign taxes that are required by applicable laws or regulations to be paid with respect to the Consulting Fee.

 

	
 
	
(e)
	
Early Termination. 

 

i.Termination for Cause or Resignation. If, prior to the end of the Consulting Period, the Employee’s service hereunder is terminated (1) by the Company for Cause or (2) by the Employee for any reason, the Employee shall not be entitled to any further compensation under this Agreement (including the Consulting Fee), other than pursuant to Section 3(a).

 

3.Separation Payments.  

 

(a)Accrued Amounts.  The Company shall pay the Employee all Base Compensation, expense reimbursements to which the Employee is entitled and accrued but unused vacation in each case earned and unpaid through the Separation Date in a lump sum as soon as reasonably practicable, but no later than sixty (60) days, following the Separation Date.

 

(b)Award Vesting.  Subject to (1) the release set forth in Section 6 becoming Irrevocable following the Separation Date in accordance with Section 8, (2) the Employee’s continued employment in good standing and in accordance with Section 1(a)-(b) through the Separation Date, (3) the Employee’s continued service in good standing and in accordance with Section 2(a)-(b) through the end of the Consulting Period and (4) the Employee’s continued compliance with the restrictive covenants set forth in Section 5 through the applicable vesting dates, if applicable:

 

i.IPO Cash Award.  The Employee’s unpaid portion of the cash award pursuant to the IPO Cash Award Agreement with the Company dated June 16, 2020 shall remain outstanding and shall vest on the earlier of: (A) the applicable vesting dates as though the Employee had remained employed through such applicable vesting dates; or (B) the commencement of the Consulting Period.

 

ii.Profits Interests Conversion Awards.  Unvested portions of awards of restricted stock pursuant to the Replacement Award for AOT Building Products, L.P. Profits Interests between the Company and the Employee and nonqualified stock options pursuant to the Option Award for AOT Building Products, L.P. Profits Interests between the Company and the Employee, in each case that are subject solely to time-based vesting conditions shall continue to vest on the applicable vesting dates as through the Employee had remained employed through such applicable vesting dates.  Vested stock options shall remain exercisable for a period of ten (10) years from the Date of Grant, the original Expiration Date noted in each applicable award agreement.

 

iii.December 2020 PSU Awards.  Unvested performance-based restricted stock units granted to the Employee on December 4, 2020 shall vest on a pro rata basis based on the Employee’s length of service through the Consulting Period and actual performance achieved, as determined by the Company in the ordinary course following the end of the performance period.

 

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iv.December 2020 RSU and Option Awards.  Unvested time-based restricted stock units and stock options granted to the Employee on December 4, 2020 shall continue to vest on the applicable vesting dates as though the Employee had remained employed through such applicable vesting dates and shall otherwise be subject to the terms set forth in such award agreements (including, without limitation, settlement terms applicable to such restricted stock units). Any vested stock options shall remain exercisable for a period of ten (10) years from the Date of Grant, the original Expiration Date noted in each applicable award agreement.

 

v.For clarity, the outstanding equity awards subject to vesting pursuant to Section 3(b)(ii)-(iv) shall be as set forth on Exhibit A, which is attached hereto and deemed to be a part of this Agreement. 

 

4.Return of Company Property.  Pursuant to Section 8 of the Employment Agreement and with the exception of Employee’s iPad which he is permitted to retain, the Employee has returned to the Company all items of property in his possession and owned by the Company, including as applicable, but not limited to:  a laptop computer, cellular phone, keys, access cards, passwords and/or ID cards; all electronically stored and paper copies of all financial data, customer information, business plans and reports, and Company files; and all records, customer lists, written information, forms, plans and other documents, including electronically stored information, as well as any other equipment or tools purchased by the Employee and for which he has been reimbursed by the Company or has been provided by the Company. These items are to be returned in good condition. The Employee shall search the Employee’s electronic devices, device back-ups, residence, and automobile and agrees that by signing the below, the Employee has disclosed all Company property in the Employee’s possession or control and returned such property as directed by the Company.

 

5.Employee Covenants. 

 

(a)Confidentiality and Post-Employment Restrictions.  The Employee hereby acknowledges his obligations to comply with the confidentiality, assignment of intellectual property, post-employment restrictions and non-disparagement provisions under Sections 5, 6, 7 and 21 of the Employment Agreement and to maintain and respect the confidentiality of proprietary and confidential information to which he had access during his employment.  The Employee previously acknowledged his understanding of these obligations during his employment by his signature of the Employment Agreement. 

 

(b)Trade Secrets. The Employee understands that, pursuant to the federal Defend Trade Secrets Act of 2016, the Employee shall not be held criminally or civilly liable under any federal or state trade secret law for the disclosure of a trade secret that (A) is made (i) in confidence to a federal, state, or local government official, either directly or indirectly, or to an attorney; and (ii) solely for the purpose of reporting or investigating a suspected violation of law; or (B) is made in a complaint or other document filed in a lawsuit or other proceeding, if such filing is made under seal.

 

(c)Additional Post-Employment Restrictions.  In addition to the covenants set forth in the Employment  Agreement, the Employee also agrees, in consideration of the payments provided under this Agreement, that he will not work in any full-time position as a chief financial officer of any public company prior to the vesting and settlement of all of his outstanding, unvested equity awards pursuant to Section 3(b).

 

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6.Release.

 

(a)In exchange for the consideration provided hereunder which the Employee is not already entitled to receive, the Employee hereby fully and forever releases and discharges the Company, its successors and assigns and its respective officers, agents and employees, together with any and all persons, firms, corporations, affiliates, and subsidiaries, who are or may be liable (together, the “Released Parties”), from any and all claims, demands, judgments, damages, expenses, actions, and cause of action including, but not limited to:

 

Title VII of the Civil Rights Act of 1964, as amended;

The Civil Rights Act of 1991;

Sections 1981 through 1988 of Title 42 of the United States Code, as amended;

The Employee Retirement Income Security Act of 1974, as amended;

The Immigration Reform and Control Act, as amended;

The Americans with Disabilities Act of 1990, as amended;

The Older Workers Benefit Protection Act;

The National Labor Relations Act;

Genetic Information Nondiscrimination Act of 2008;

The Age Discrimination in Employment Act of 1967, as amended;

Pennsylvania Human Relations Act;

Pennsylvania Wage Payment and Collection Law;

The Ohio Civil Rights Acts;

The Occupational Safety and Health Act, as amended;

The Equal Pay Act of 1963;

The Family Medical Leave Act, as amended;

Any other federal, state or local civil or human rights law or any other local or state 

public policy, contract, tort, or common law; or

Any allegation of wrongful discharge, gender discrimination, or disability discrimination, in any way related to or arising out of the Employee’s employment with the Company or the termination thereof by the Company. 

 

(b)The Employee's released claims also include any claim he has or might have for payments of compensation, benefits or severance pay, other than those payments stated in this Agreement, and any and all rights under the laws of any jurisdiction in the United States, or any other country, that limit a general release to those claims that are known or suspected to exist in the Employee’s favor as of the applicable Execution Date (as defined below).  If any administrative agency or court assumes jurisdiction over any charge, complaint, proceeding or action involving claims released in this Agreement, the Employee agrees that he will not accept, recover, or receive any monetary damages or other relief from or in connection with that charge, complaint, or proceeding. Notwithstanding the foregoing, nothing in this Agreement (including, without limitation, Section 5 and this Section 6) prevents the Employee from providing truthful information to governmental or regulatory bodies, including disclosures under the whistleblower provisions of federal law or regulation.

 

(c)The Employee further represents and warrants that the Employee has not filed any civil action, suit, arbitration, administrative charge, or legal proceeding against any Released Party nor has the Employee assigned, pledged or hypothecated as of the applicable Execution Date any claim to any person and no other person has an interest in the claims that he is releasing.

 

(d)The Employee has certain rights that are not released by signing this Agreement.  The foregoing release does not affect the following:  any rights or claims that may arise after the 

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applicable Execution Date, the Employee's right to enforce the Company's obligations under this Agreement; the Employee's right to file a charge or complaint with any appropriate federal, state, or local agency, such as the United States Equal Employment Opportunity Commission; the Employee's right to participate in or cooperate with any such charge or complaint procedure; the Employee's right to challenge the validity of this Agreement; and any right that cannot be waived as a matter of law.  Any other claim the Employee has or might have is, however, released by this Agreement.

 

7.Choice of Law.  This Agreement is to be governed by and enforced according to the laws of the State of Illinois (excepting any choice of law provision that would otherwise apply the law of another jurisdiction), and any applicable federal law.

 

8.Review and Revocation. 

 

(a)In order to receive the payments set forth in Section 3(b), the Employee shall execute this Agreement (i) on the Effective Date; and (ii) within twenty-one (21) days following the Separation Date or, if applicable, earlier termination date (each date the Employee executes this Agreement, an “Execution Date”).

 

(b)The Employee acknowledges that he has been given a full and fair opportunity to review this Agreement, that he has read this Agreement in its entirety, is hereby advised to consult with an attorney before executing this Agreement, and has been allowed up to twenty-one (21) days to consider whether to accept this Agreement.  The Employee acknowledges that the Employee is signing this Agreement voluntarily and of the Employee’s own free will, and with full knowledge of the nature and consequences of its terms.

 

(c)The Employee understands that the Employee may change the Employee’s mind and revoke this Agreement at any time during the seven (7) days after each Execution Date, provided the Employee does so in writing received by Sandra Lamartine prior to 5:30 p.m. central on the seventh (7th) day after the applicable Execution Date. Thereafter, provided Employee has not revoked this Agreement by such time, this agreement will be considered “Irrevocable.” In the event that the Employee revokes the Agreement following the Effective Date in accordance with this Section 8(c), none of the provisions of this Agreement will have any effect. In the event that the Employee revokes the Agreement following the Separation Date in accordance with this Section 8(c), Section 6 of this Agreement will have not have any effect with respect to claims arising following the Effective Date and the Employee shall not be entitled to any of the benefits set forth under Section 3(b).

 

9.Miscellaneous.

 

(a)The parties declare that each has carefully read this Agreement, understands its terms, and agrees to it for the purpose of making a full and final adjustment and resolution of the matters contained herein.

 

(b)Each party expressly understands and agrees that this Agreement and Release is in full settlement and satisfaction of any disputed claims; and that payment of the consideration given in this Agreement is not to be construed as an admission of liability by the Company, by whom liability is expressly denied, and that this Agreement should under no circumstances be construed as an admission of liability under any state or federal law.

 

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(c)This Agreement and the Employment Agreement constitute and contain the entire agreement and understanding between the parties, and no modifications or waiver of any provision hereof shall be effective unless in writing and signed by the Company and the Employee. For the avoidance of doubt, in the event of a conflict between one or more provisions of this Agreement and one or more provisions of the Employment Agreement or any award agreement granted to the Employee by the Company, the provisions of this Agreement will control.

 

(d)It is the parties’ intent that the payments and benefits provided under this Agreement either be exempt from the definition of “non-qualified deferred compensation” within the meaning of Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”), or comply with Section 409A to the extent subject thereto, and this Agreement will be interpreted accordingly.  Each payment under this Agreement will be treated as a separate payment for purposes of Section 409A of the Code.

 

(e)All amounts paid to Employee under this Agreement shall be subject to withholding and other employment taxes imposed by applicable law. Employee shall be solely responsible for the payment of all taxes imposed on him relating to the payment or provision of any amounts or benefits hereunder during the Consulting Period and thereafter.

 

(f)In the event of Employee’s death, all payments and awards contemplated under this Agreement shall continue to be paid and vest, as applicable, on the applicable payment or vesting dates as set forth herein for the benefit of Employee’s beneficiaries. 

 

(g)This Agreement may be executed in counterparts, each of which shall be deemed to be an original and all of which together shall be deemed to be one and the same agreement.

 

 

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Company:

 

THE AZEK COMPANY INC.

	
 

	
By:
	
/s/ Paul Kardish

	
 
	
Name:
	
Paul Kardish

	
 
	
Title:
	
Chief Legal Officer and Senior Vice President

 

 

			
	
Employee:

	
 

	
By:
	
/s/ Ralph Nicoletti

	
 
	
Name:
	
Ralph Nicoletti

	
 
	
 
	
 

 

 

8

 

 

 

Exhibit A

 

[Intentionally omitted]

9EX-10.1

 Exhibit 10.1 

ALTIMAR SPONSOR II, LLC 
 c/o HPS
Investment Partners, LLC 
 40 West 57th Street, 33rd Floor 

New York, NY 10019 
 July 15,
2021 
 Altimar Acquisition Corp. II 
 c/o HPS Investment
Partners, LLC 
 40 West 57th Street, 33rd Floor 
 New York, NY
10019 
 Fathom Holdco, LLC 
 CORE Fund I Blocker-5 LLC 
 CORE Fund I Blocker-2 LLC 

c/o CORE Industrial Partners, LLC 
 150 N. Riverside Plaza, Suite
#2050 
 Chicago, Illinois 60606 
 SG (MCT) Blocker, LLC 

c/o Siguler Guff & Company, LP 
 200 Park Avenue, 23rd
Floor 
 New York, NY 10166 
 Attention:
SBOFDeals@sigulerguff.com 
 FORFEITURE AND SUPPORT AGREEMENT (THIS “AGREEMENT”) 

Reference is made to that certain Business Combination Agreement of even date herewith (as the same may be amended, restated or amended and
restated from time to time in accordance with its terms, “Business Combination Agreement”), by and among Altimar Acquisition Corp. II, a Cayman Islands exempted company (the “Buyer”), Fathom Holdco, LLC, a Delaware
limited liability company (“Fathom”), Rapid Merger Sub, LLC, a Delaware limited liability company and a direct, wholly owned subsidiary of Altimar (“Rapid Merger Sub”), Rapid Blocker 1 Merger Sub, LLC, a Delaware
limited liability company and a direct, wholly owned subsidiary of Altimar (“Blocker Merger Sub 1”), Rapid Blocker 2 Merger Sub, LLC, a Delaware limited liability company and a direct, wholly owned subsidiary of Altimar
(“Blocker Merger Sub 2”), Rapid Blocker 3 Merger Sub, LLC, a Delaware limited liability company and a direct, wholly owned subsidiary of Altimar, CORE Fund I Blocker-5 LLC, a Delaware limited
liability company, CORE Fund I Blocker-2, LLC, a Delaware limited liability company, and SG (MCT) Blocker, LLC, a Delaware limited liability company. Unless otherwise expressly provided herein, capitalized
terms shall have the respective meanings assigned to them in the Business Combination Agreement. 

 Pursuant to Article 17.2 of Buyer’s Memorandum and Articles of Association, outstanding
Buyer Class B ordinary shares, par value of US$0.0001 per share (“Cayman Class B Shares”), shall automatically convert into Buyer Class A ordinary shares, par value of US$0.0001 per share
(“Cayman Class A Shares”), on a one- for-one basis automatically on the day of the closing of a Business Combination (as defined in the Buyer’s Articles and Memorandum
of Association as in effect on the date hereof (the “Cayman Charter”)), subject to certain anti-dilution adjustments if additional Cayman Class A Shares or any other Equity-linked Securities (as defined in the Cayman Charter)
are issued or deemed issued in excess of the amounts offered in Buyer’s initial public offering and related to the closing of a Business Combination (as defined in the Cayman Charter), which anti-dilution adjustments may be waived by the
holders of a majority of the outstanding Cayman Class B Shares, consenting as a separate class. 
 Section 2.02 of the Business
Combination Agreement contemplates that following the Pre-Closing Reorganization but prior to the consummation of the PIPE Investment, Buyer will domesticate as a Delaware corporation in accordance with
Section 388 of the DGCL and de-register as a Cayman Islands exempted company (the “Domestication”). As a result of the Domestication, each then issued and outstanding Cayman Class B
Share will become a share of Class C Common Stock, par value $0.0001 (“Altimar Class C Common Stock”), which shares of Class C Common Stock shall convert into shares of Altimar Class A Common Stock,
par value $0.0001 (“Altimar Class A Common Stock”), on a one-for-one basis automatically on the day of the closing of a Business
Combination (as defined in the Altimar Charter, which will be filed by Buyer with the Secretary of State of the State of Delaware in connection with the Domestication (the “Delaware Charter”, and together with the Cayman Charter,
the “Charter Documents”)), subject to certain anti-dilution adjustments if additional shares of Altimar Class A Common Stock or any other Equity-linked Securities (as defined in the Delaware Charter) are issued or deemed issued
in excess of the amounts offered in Buyer’s initial public offering and related to the closing of a Business Combination (as defined in the Delaware Charter), which anti-dilution adjustments may be waived by the holders of a majority of the
outstanding shares of Altimar Class C Common Stock/ 
 In order to induce each of the other parties to the Business Combination
Agreement to enter into the Business Combination Agreement, and as a condition to such parties entering into the Business Combination Agreement, and understanding that such other parties to the Business Combination Agreement are relying on the
agreements set forth herein in entering into the Business Combination and closing the transactions contemplated thereby, Buyer, its sponsor, Altimar Sponsor II, LLC, a Delaware limited liability company (the “Sponsor”), and the
individuals identified on the signature pages hereto (each, an “Individual Class B Holder”), agree as follows: 

1. Effective upon and subject to the Closing, Sponsor, as holder of a majority of the outstanding Cayman Class B Shares (and as
prospective holder of a majority of the shares of Altimar Class C Common Stock, which will result from the Domestication), pursuant to Article 17.4 of the Cayman Charter and Section 4.3(f)(iii) of the Delaware Charter irrevocably waives
all of the anti-dilution adjustments set forth in each of Article 17.3 of Cayman Charter and Section 4.3(f)(ii) of the Delaware Charter in connection with the transactions contemplated by the Business Combination Agreement (the
“Anti-dilution Waiver”). 

  
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 2. Effective upon and subject to the Closing, and without duplication of the forfeiture of
Cayman Class B Ordinary Shares contemplated in Section 2.02 of the Business Combination Agreement, Sponsor shall irrevocably automatically forfeit and surrender, for no additional consideration and without any further action on the part of
any other Person, the Forfeited Shares (as defined below), which would otherwise be held by the Sponsor as a result of the automatic conversion of shares of Altimar Class C Common Stock after giving effect to the Closing, the Domestication and
the Anti-dilution Waiver (the “Forfeiture”). 
 3. Effective upon and subject to the Closing, Buyer acknowledges the
Anti-dilution Waiver and agrees to give effect to the Forfeiture set forth in the preceding paragraph. 
 4. Each of Sponsor and the
Individual Class B Holders hereby confirms that (i) it consents to Buyer’s entering into the Business Combination Agreement, and (ii) from the date of the Business Combination Agreement until the earlier of the Closing or the
termination of the Business Combination Agreement in accordance with its terms, Sponsor or such Individual Class B Holder agrees to not redeem any Cayman Class A Shares (or, if applicable, shares of Altimar Class A Common Stock) held
by it. Buyer agrees that it shall not waive Sponsor’s or any Individual Class B Holder’s obligations under this Section 4 without the consent of all other parties hereto (including each addressee hereof). At the Closing, subject
to the terms and conditions of the Business Combination Agreement, Sponsor shall provide funds to Buyer to satisfy the funding of such Altimar Transaction Expenses, after utilizing the unused portion of the working capital amount funded by Sponsor
to Buyer prior to the date hereof, that are in excess of the aggregate $27,000,000 cap referenced in, Section 4.03(b) of the Business Combination Agreement. All obligations of Buyer to Sponsor for borrowed money or any payments made to or on
behalf of Buyer shall be settled in cash and not through the issuance of warrants or other Equity Securities. 
 5. From the date of the
Business Combination Agreement until the earlier of the Closing or the termination of the Business Combination Agreement in accordance with its terms, Sponsor shall not take (or cause to be taken, including by the Buyer) any action the effect of
which would be to cause Buyer to breach its obligations set forth in Section 9.08 of the Business Combination Agreement. 
 6. From the
date of the Business Combination Agreement until the earlier of the Closing or the termination of the Business Combination Agreement in accordance with its terms, each of Sponsor and the Individual Class B Holders, solely in its capacity as
holder of Buyer shares, shall, vote or cause to be voted, all of the Cayman Class A Shares and Cayman Class B Shares (or, if applicable, shares of Altimar Class A Common Stock and Altimar Class C Common Stock) beneficially owned
by Sponsor or such Individual Class B Holder, at every meeting of the shareholders of Buyer (and to appear or otherwise cause such shares to be counted as present thereat for the purpose of establishing a quorum) at which such matters are
considered and at every adjournment or postponement thereof: (i) in favor of (A) the Business Combination (as defined under the Cayman Charter) and the Business Combination Agreement and the other transactions

  
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contemplated thereby (including any proposals recommended by Buyer’s Board of Directors in connection with such Business Combination), (B) any proposal to adjourn or postpone such meeting of
shareholders of Buyer to a later date if there are not sufficient votes to approve the Business Combination, and (C) an amendment of the Altimar Organizational Documents to extend the outside date for consummating the Business Combination, if
applicable; (ii) against any action, proposal, transaction or agreement that could reasonably be expected to result in a breach of any covenant, representation or warranty or any other obligation or agreement of Buyer under the Business
Combination Agreement; and (iii) against (A) any proposal or offer from any Person concerning (1) a merger, consolidation, liquidation, recapitalization, share exchange or other business combination transaction involving Buyer, or
(2) the issuance or acquisition of shares of capital stock or other equity securities of Buyer (other than as contemplated or permitted by the Business Combination Agreement); and (B) any action, proposal, transaction or agreement that
would reasonably be expected to (1) impede the fulfillment of, or would result in the failure to be satisfied of, any condition set forth in Section 11.01 or Section 11.03 of the Business Combination Agreement or any other conditions
applicable to Buyer or any of its Affiliates under the Business Combination Agreement or change in any manner the voting rights of any class of shares of Buyer (including any amendments to the Altimar Organizational Documents, other than in
connection with the Domestication or as otherwise contemplated by the Business Combination Agreement) or (2) result in a breach of any covenant, representation or warranty or other obligation or agreement of Sponsor or any of the Individual
Class B Holders contained in this Agreement. 
 7. From the date of the Business Combination Agreement until the earlier of the Closing
or the termination of the Business Combination Agreement in accordance with its terms, Sponsor agrees that it shall not Transfer (as defined below) (i) any Cayman Class B Shares (or, following the Domestication, shares of Altimar
Class A Common Stock or Altimar Class C Common Stock) beneficially owned by the Sponsor immediately prior to the Closing or (ii) any warrants beneficially owned by Sponsor or shares underlying such warrants immediately prior to the
Closing, except to the extent the proposed permitted transferee of such Cayman Class B Shares (or shares of Altimar Class C Common Stock, if applicable) (A) is agreed upon by each addressee hereof in writing and (B) agrees in
writing to accept such Cayman Class B Shares (or shares of Altimar Class C Common Stock, if applicable) subject to, and to be bound by, the same obligations hereunder as the transferor Sponsor. Until and unless any shares owned by Sponsor
(or a permitted transferee) are Forfeited in accordance herewith, Sponsor (or such permitted transferee) shall have full ownership rights to such shares, including the right to vote such shares, subject to Section 4 herein.
For the avoidance of doubt, the conversion of Cayman Class B Shares into shares of Altimar Class C Common Stock resulting from the Domestication shall not be deemed a Transfer for purposes hereof. 

8. From the date of the Business Combination Agreement until the earlier of the Closing or the termination of the Business Combination
Agreement in accordance with its terms, each Individual Class B Holder, solely with respect to itself, agrees that it shall not Transfer (as defined below) any Cayman Class B Shares (or, following the Domestication, shares of Altimar
Class C Common Stock) beneficially owned by such 

  
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Class B Holder immediately prior to the Closing, except to the extent the proposed permitted transferee of such Cayman Class B Shares (or shares of Altimar Class C Common Stock, if
applicable) (i) is agreed upon by each addressee hereof in writing and (ii) agrees in writing to accept such Cayman Class B Shares (or shares of Altimar Class C Common Stock, if applicable) subject to, and to be bound by, the
same obligations hereunder as the transferor Individual Class B Holder. For the avoidance of doubt, the conversion of Cayman Class B Shares into shares of Altimar Class C Common Stock resulting from the Domestication shall not be
deemed a Transfer for purposes hereof. 
 9. For the period beginning on the Closing Date and ending on the earlier to occur of (a) the
one (1)-year anniversary of the Closing Date and (b) the last day of the Qualifying Period (as defined below), if the VWAP of the Altimar Class A Common Stock equals or exceeds $12.00 per share (as adjusted for share splits, share
capitalizations, reorganizations, recapitalizations and the like) for any twenty (20) Trading Days (as defined below) within a period of thirty (30) consecutive Trading Days commencing at least 150 days after the Closing Date (the
“Qualifying Period”), Sponsor and the Individual Class B Holders agree that they shall not, and shall cause any other holder of record of such Person’s Covered Shares (as defined below) (other than shares of Altimar
Class A Common Stock acquired pursuant to the PIPE Investment) not to, Transfer any of such Sponsor’s or Individual Class B Holder’s Covered Shares (other than shares of Altimar Class A Common Stock acquired pursuant to the
PIPE Investment). 
 10. Sponsor represents and warrants that (a) as of the date hereof it is the record and beneficial owner (within
the meaning of Rule 13d-3 under the Exchange Act) of, and has good title to, 8,450,000 Cayman Class B Shares (excluding, for the avoidance of doubt, any shares of Class A Common Stock of Buyer to be
acquired pursuant to the PIPE Investment), which are held free and clear of all Liens affecting its ability to forfeit the Forfeited Shares pursuant to Section 2 hereof or otherwise comply with its obligations under this
Agreement, and (b) the execution, delivery and performance by Sponsor of this Agreement and the consummation by it of the transactions contemplated hereby do not: (A) conflict with or result in a breach of the terms, conditions or
provisions of, (B) constitute a default under, (C) result in the creation of any Lien upon any equity securities of Buyer (including the Forfeited Shares) pursuant to, (D) give any third party the right to modify, terminate or
accelerate any obligation under, (E) result in a violation of, or (F) require any authorization, consent, approval, exemption or other action by or notice or declaration to, or filing with, any Person pursuant to, any Law to which it or
its Affiliates is subject or any Contract or Order to which it or its Affiliates is subject, in each case except which would not, individually or in the aggregate, reasonably be expected to have a material adverse effect on the ability of Sponsor to
enter into and perform its respective obligations under this Agreement and consummate the transactions contemplated hereby. Each Individual Class B Holder represents and warrants that the execution, delivery and performance by such Individual
Class B Holder of this Agreement and the consummation by it of the transactions contemplated hereby do not: (a) conflict with or result in a breach of the terms, conditions or provisions of, (b) constitute a default under,
(c) result in the creation of any Lien upon any equity securities of Buyer (including the Forfeited Shares) pursuant to, (d) give any third party the right to modify, terminate or accelerate any

  
 5 

 
obligation under, (e) result in a violation of, or (f) require any authorization, consent, approval, exemption or other action by or notice or declaration to, or filing with, any Person
pursuant to, any Law to which it or its Affiliates is subject or any Contract or Order to which it or its Affiliates is subject, in each case except which would not, individually or in the aggregate, reasonably be expected to have a material adverse
effect on the ability of such Individual Class B Holder to enter into and perform its respective obligations under this Agreement and consummate the transactions contemplated hereby. 

11. Sponsor agrees that, from and after the Closing, 1,267,500 shares of Cayman Class B Shares (or, following the Domestication, shares of
Altimar Class C Common Stock or Altimar Class A Common Stock, as applicable) held by Sponsor (the “Sponsor Earnout Shares”) shall be unvested and restricted and that such shares shall vest automatically and cease to be
subject to any restrictions hereunder upon the occurrence of a Vesting Event. For the avoidance of doubt, any shares of Altimar Class A Common Stock issued to the Sponsor pursuant to the PIPE Investment shall not be subject to vesting or any
other limitations hereunder. For purposes of this Agreement “Vesting Event” means (a) the VWAP of the Altimar Class A Common Stock equals or exceeds $15.00 per share (as adjusted for share splits, share capitalizations,
reorganizations, recapitalizations and the like) for any twenty (20) trading days within a period of thirty (30) consecutive trading days and (b) a Change of Control of Altimar, unless the per share consideration to be received by the
holders of Altimar Class A Common Stock in such Change of Control of Altimar transaction is less than the vesting threshold applicable to the Sponsor Earnout Shares. To the extent that, on or prior to the fifth (5th) anniversary of the Closing Date, a Vesting Event shall not have occurred, all outstanding Sponsor Earnout Shares that shall not have been vested shall automatically be forfeited and surrendered to
Buyer for no consideration and any dividends or distributions previously declared in respect of such shares shall also be forfeited to Buyer for no consideration. Following such forfeiture, the Sponsor Earnout Shares shall be canceled, no longer be
outstanding and become void and of no further force and effect. From the date of the Closing until the date of the Vesting Event, Sponsor agrees that it shall not Transfer any Sponsor Earnout Shares and the Sponsor Earnout Shares shall not entitle
the holder thereof to any voting or dividend rights otherwise granted to holders of Altimar Class A Common Stock. 
 12. For purposes of
this Agreement the following terms shall have the following meanings: 
 a. “Beneficially Own” (including its correlative
meanings “Beneficial Owner” and “Beneficial Ownership” and words with a similar correlative meaning) has the meaning set forth in Rule 13d-3 promulgated under the Exchange
Act. 
 b. “Covered Shares” means all Equity Securities held by the Sponsor or any Individual Class B Holder as of the
date hereof or of which the Sponsor or any Individual Class B Holder acquire record or Beneficial Ownership, including by purchase, as a result of a share dividend, share split, recapitalization, combination, reclassification, exchange or
change of such shares, or upon exercise or conversion of any securities, other than any Equity Securities purchased on the open market after the Closing Date. 

  
 6 

 c. “Equity Securities” means any and all shares of Altimar Common Stock,
Cayman Ordinary Shares, any other securities of Buyer, and any and all securities of Buyer or Fathom convertible into, or exchangeable or exercisable for (whether or not subject to contingencies or the passage of time, or both), such shares, and any
options, warrants or other rights to acquire shares of Altimar Common Stock; including, without limitation, New Fathom Class A Units, restricted stock awards, restricted stock units, equity appreciation rights, phantom equity rights, profit
participation and all of the other ownership or profit interests of such Person (including membership interests therein), whether voting or non-voting. 

d. “Forfeited Shares” means the number of shares of Altimar Class A Common Stock determined by the following: (i) if
the Altimar Stockholder Redemption Ratio is less than or equal to 0.10, then the number shall equal zero, (ii) if the Altimar Stockholder Redemption Ratio is greater than 0.10 and less than to 0.40, then the number shall equal the product of
(A) the Redemption Forfeiture Ratio multiplied by (B) the number of shares of Altimar Class C Common Stock outstanding immediately following the Domestication and (iii) if the Altimar Stockholder Redemption Ratio is
greater than or equal to 0.40, then the number shall equal the product of (A) 0.15 multiplied by (B) the number of shares of Altimar Class C Common Stock outstanding immediately following the Domestication.
“Forfeited” shall have a correlative meaning to “Forfeiture” for purposes of this Agreement. 
 e.
“Trading Days” means a day on which the New York Stock Exchange or such other principal United States securities exchange on which the Altimar Class A Common Stock is listed, quoted, or admitted to trading is open for the
transaction of business (unless such trading shall have been suspended for the entire day). 
 f. “Transfer” (including its
correlative meanings, “Transferor,” “Transferee” and “Transferred”) shall mean, with respect to any security, directly or indirectly, to sell, contract to sell, give, assign, hypothecate, pledge, encumber,
grant a security interest in, offer, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, lend or otherwise transfer or dispose of any economic, voting or other rights in
or to such security. When used as a noun, “Transfer” shall have such correlative meaning as the context may require. 
 13.
This Agreement may not be changed, amended, modified or waived as to any particular provision, except by a written instrument executed by of all parties hereto (including each addressee hereof). 

14. No party hereto or addressee hereof may assign either this Agreement or any of its rights, interests, or obligations hereunder without the
prior written consent of the other parties hereto (including each other addressee hereof), and any purported assignment in violation of the foregoing shall be null and void ab initio. This Agreement shall be binding on the parties hereto and
their respective successors and assigns. 

  
 7 

 15. This Agreement shall be construed and interpreted in a manner consistent with the
provisions of the Business Combination Agreement, and to the extent there are any inconsistencies between this Agreement and the Business Combination Agreement, the Business Combination Agreement shall prevail. The provisions set forth in Sections
1.02 (Construction), 13.03 (Assignment), 13.06 (Governing Law), 13.07 (Captions; Counterparts) and 13.12 (Jurisdiction; Waiver of Jury Trial) of the Business Combination Agreement, as in effect as of the date hereof, are hereby incorporated by
reference into, and shall be deemed to apply to, this Agreement as if all references to the “Agreement” in such sections were instead references to this Agreement. 

16. Any notice, consent or request to be given in connection with any of the terms or provisions of this Agreement shall be in writing and
shall be sent in the same manner as provided in Section 13.02 (Notices) of the Business Combination Agreement, with notices to the Buyer and the Sponsor being sent to the addresses set forth therein, in each case with all copies as required
thereunder. 
 17. The parties agree that irreparable damage for which monetary damages, even if available, would not be an adequate remedy,
would occur in the event that the parties do not perform their obligations under the provisions of this Agreement in accordance with its specified terms or otherwise breach such provisions. The parties acknowledge and agree that (a) the parties
shall be entitled to an injunction, specific performance, or other equitable relief, to prevent breaches of this Agreement and to enforce specifically the terms and provisions hereof, including Sponsor’s and each Individual Class B
Holder’s obligations to vote its Cayman Class A Shares and Cayman Class B Shares (or, if applicable, shares of Altimar Class A Common Stock and Altimar Class C Common Stock) as provided in this Agreement, without proof of
damages, this being in addition to any other remedy to which they are entitled under this Agreement, and (b) the right of specific enforcement is an integral part of the transactions contemplated by this Agreement and without that right, none
of the parties would have entered into this Agreement. Each party agrees that it will not oppose the granting of specific performance and other equitable relief on the basis that the other parties have an adequate remedy at Law or that an award of
specific performance is not an appropriate remedy for any reason at Law or equity. The parties acknowledge and agree that any party seeking an injunction to prevent breaches of this Agreement and to enforce specifically the terms and provisions of
this Agreement in accordance with this Section 17 shall not be required to provide any bond or other security in connection with any such injunction. 

18. This Agreement shall terminate the upon the termination of the Business Combination Agreement in accordance with its terms, and upon such
termination this Agreement shall be null and void and of no effect whatsoever, and the parties hereto shall have no rights or obligations under this Agreement; provided, however, that termination of this Agreement shall not relieve any party hereto
from any liability for any Willful Breach of this Agreement prior to such termination. 

  
 8 

 19. If any provision of this Agreement is held invalid or unenforceable by any court of
competent jurisdiction, the other provisions of this Agreement shall remain in full force and effect. The parties further agree that if any provision contained herein is, to any extent, held invalid or unenforceable in any respect under the Laws
governing this Agreement, they shall take any actions necessary to render the remaining provisions of this Agreement valid and enforceable to the fullest extent permitted by Law and, to the extent necessary, shall amend or otherwise modify this
Agreement to replace any provision contained herein that is held invalid or unenforceable with a valid and enforceable provision giving effect to the intent of the parties 

[Remainder of Page Intentionally Left Blank; Signature page follows] 

  
 9 

 
			
	ALTIMAR SPONSOR II, LLC
		
	By:	 	             /s/ Tom Wasserman

		 	Name: Tom Wasserman
		 	Title:   Chief Executive Officer

 
			
	INDIVIDUAL CLASS B HOLDERS
		
	By:	 	             /s/ Kevin Beebe

		 	Name: Kevin Beebe

 
			
	INDIVIDUAL CLASS B HOLDERS
		
	By:	 	             /s/ Payne Brown

		 	Name: Payne Brown

 
			
	INDIVIDUAL CLASS B HOLDERS
		
	By:	 	             /s/ Rick Jelinek

		 	Name: Rick Jelinek

 
			
	INDIVIDUAL CLASS B HOLDERS
		
	By:	 	             /s/ Roma Khanna

		 	Name: Roma Khanna

 
			
	INDIVIDUAL CLASS B HOLDERS
		
	By:	 	             /s/ Michael Rubenstein

		 	Name: Michael Rubenstein

 
			
	INDIVIDUAL CLASS B HOLDERS
		
	By:	 	             /s/ Vijay Sondhi

		 	Name: Vijay Sondhi

 
			
	INDIVIDUAL CLASS B HOLDERS
		
	By:	 	             /s/ Michael Vorhaus

		 	Name: Michael Vorhaus

			
	Agreed and accepted as of the date set forth above:
	
	ALTIMAR ACQUISITION CORP. II
		
	By:	 	             /s/ Tom Wasserman

		 	Name: Tom Wasserman
		 	Title: Chief Executive Officer

			
	FATHOM HOLDCO, LLC
		
	By:	 	             /s/ John May

		 	Name: John May
		 	Title:   President
	
	CORE INDUSTRIAL PARTNERS, LLC
		
	By:	 	             /s/ John May

		 	Name: John May
		 	Title:   President
	
	CORE FUND I BLOCKER-5 LLC
		
	By:	 	             /s/ John May

		 	Name: John May
		 	Title:   Managing Partner
	
	CORE FUND I BLOCKER-2, LLC
		
	By:	 	             /s/ John May

		 	Name: John May
		 	Title:   Managing Partner

 [Signature Page to Sponsor Agreement] 

			
	SG (MCT) BLOCKER, LLC
		
	By:	 	              /s/ Joshua
Posner

		 	Name:  Joshua Posner
		 	Title:   Authorized Signatory

  
 [Signature Page to
Sponsor Agreement]

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