Document:

Exhibit 10.1

 

__________, 2022

 

Chenghe Acquisition Co.

38 Beach Road #29-11

South Beach Tower

Singapore 189767

	Re:	Initial Public Offering

 

Ladies and Gentlemen:

 

This letter (this “Letter Agreement”) is
being delivered to you in accordance with the Underwriting Agreement (the “Underwriting Agreement”) entered
into by and among Chenghe Acquisition Co., a Cayman Islands exempted company (the “Company”), and Morgan Stanley
 & Co. LLC, Revere Securities LLC and US Tiger Securities, Inc., as representatives (the “Representatives”)
of the several underwriters (each, an “Underwriter” and collectively, the “Underwriters”),
relating to an underwritten initial public offering (the “Public Offering”), of up to 17,250,000 of the
Company’s units (including up to 2,250,000 units that may be purchased to cover over-allotments, if any) (the “Units”),
each comprised of one of the Company’s Class A ordinary shares, par value $0.0001 per share (the “Class A
Ordinary Shares”), and one-half of one redeemable warrant. Each whole warrant (each, a “Warrant”)
entitles the holder thereof to purchase one Class A Ordinary Share at a price of $11.50 per share, subject to adjustment as described
in the Prospectus (as defined below). The Units will be sold in the Public Offering pursuant to a registration statement on Form S-1 and
prospectus (the “Prospectus”) filed by the Company with the U.S. Securities and Exchange Commission (the “Commission”)
and the Company has applied to have the Units listed on the Nasdaq Capital Market. Certain capitalized terms used herein are defined in
paragraph 11 hereof.

 

In order to induce the Company and the Underwriters to enter into the
Underwriting Agreement and to proceed with the Public Offering and for other good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, each of Chenghe Investment Co., (the “Sponsor”) and the undersigned individuals,
each of whom is a member of the Company’s board of directors, management team and/or advisory board (each of the undersigned individuals,
an “Insider” and collectively, the “Insiders”), hereby agrees with the Company as
follows:

 

		1.	The Sponsor and each Insider agrees that if the Company seeks shareholder approval of a proposed Business Combination, then in connection with such proposed Business Combination, it, he or she shall (i) vote any Ordinary Shares (as defined below) owned by it, him or her in favor of any proposed Business Combination and (ii) not redeem any Ordinary Shares owned by it, him or her in connection with such shareholder approval. If the Company seeks to consummate a proposed Business Combination by engaging in a tender offer, the Sponsor and each Insider agrees that it, he or she will not sell or tender any Ordinary Shares owned by it, him or her in connection therewith.

                                                                     

 

		2.	The Sponsor and each Insider hereby agrees that in the event that the Company fails to consummate a Business Combination within
                                                                18 months from the closing of the Public Offering, or during one of the two three-month periods by which the Company may extend such deadline if the Sponsor or any of its affiliates or designees
pays an additional $0.10 per public share into the trust account in respect of each extension period (for a total up to 24 months to complete
a business combination), or by such later period approved by the Company’s shareholders in accordance
                                                                with the Company’s amended and restated memorandum and articles of association (as it may be amended from time to time, the
                                                                “Charter”), the Sponsor and each Insider shall take all reasonable steps to cause the Company to
                                                                (i) cease all operations except for the purpose of winding up, (ii) as promptly as reasonably possible but not more than
                                                                ten (10) business days thereafter, redeem 100% of the Class A Ordinary Shares sold as part of the Units in the Public
                                                                Offering (the “Offering Shares”), at a per-share price, payable in cash, equal to the aggregate amount
                                                                then on deposit in the Trust Account (as defined below), including interest earned on the funds held in the Trust Account (less
                                                                taxes payable and up to $100,000 of interest to pay dissolution expenses), divided by the number of then outstanding Offering
                                                                Shares, which redemption will completely extinguish all Public Shareholders’ (as defined below) rights as shareholders
                                                                (including the right to receive further liquidating distributions, if any), and (iii) as promptly as reasonably possible
                                                                following such redemption, subject to the approval of the Company’s remaining shareholders and the Company’s board of
                                                                directors, dissolve and liquidate, subject in the case of clauses (ii) and (iii) to the Company’s obligations under
                                                                Cayman Islands law to provide for claims of creditors and in all cases subject to the other requirements of applicable law. The
                                                                Sponsor and each Insider agrees to not propose any amendment to the Charter (A) to modify the substance or timing of the
                                                                Company’s obligation to allow redemption in connection with our initial Business Combination or to redeem 100% of the Offering
                                                                Shares if the Company does not complete a Business Combination within the required time period set forth in the Charter or (B) with
                                                                respect to any other material provisions relating to shareholders’ rights or pre-initial Business Combination activity, unless
                                                                the Company provides its Public Shareholders with the opportunity to redeem their Offering Shares upon approval of any such
                                                                amendment at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account, including
                                                                interest earned on the funds held in the Trust Account and not previously released to the Company to pay its taxes, divided by the
                                                                number of then outstanding Offering Shares. 

 

    	

     

    

 

	 	 	The Sponsor and each Insider acknowledges that it, he or she 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 with respect to the Founder Shares held by it, him or her. The Sponsor and each Insider hereby further waives, with respect to any Ordinary Shares held by it, him or her, if any, any redemption rights it, he or she may have in connection with (a) the consummation of a Business Combination, including, without limitation, any such rights available in the context of a shareholder vote to approve such Business Combination, or (b) a shareholder vote to approve an amendment to the Charter (A) to modify the substance or timing of the Company’s obligation to allow redemption in connection with our initial Business Combination or to redeem 100% of the Offering Shares if the Company has not consummated a Business Combination within the time period set forth in the Charter or (B) with respect to any other material provisions relating to shareholders’ rights or pre-initial Business Combination activity or in the context of a tender offer made by the Company to purchase Offering Shares (although the Sponsor, the Insiders and their respective affiliates shall be entitled to redemption and liquidation rights with respect to any Offering Shares it or they hold if the Company fails to consummate a Business Combination within the time period set forth in the Charter).

                                   

		3.	During the period commencing on the effective date of the Underwriting Agreement and ending 180 days after such date, the Sponsor
and each Insider shall not, without the prior written consent of the Representatives, (i) sell, offer to sell, contract or agree
to sell, hypothecate, pledge, grant any option to purchase or otherwise dispose of or agree to dispose of, directly or indirectly, or
establish or increase a put equivalent position or liquidate or decrease a call equivalent position within the meaning of Section 16
of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and the rules and regulations of the
Commission promulgated thereunder, with respect to, any Units, Ordinary Shares (including, but not limited to, Founder Shares), Warrants
or any securities convertible into, or exercisable, or exchangeable for, Ordinary Shares owned by it, him or her, (ii) enter into
any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of any Units,
Ordinary Shares (including, but not limited to, Founder Shares), Warrants or any securities convertible into, or exercisable, or exchangeable
for, Ordinary Shares owned by it, him or her, whether any such transaction is to be settled by delivery of such securities, in cash or
otherwise, or (iii) publicly announce any intention to effect any transaction specified in clause (i) or (ii). Each of the Insiders
and the Sponsor acknowledges and agrees that, prior to the effective date of any release or waiver, of the restrictions set forth in this
paragraph 3 or paragraph 7 below, the Company shall announce the impending release or waiver by press release through a major news service
at least two business days before the effective date of the release or waiver. Any release or waiver granted shall only be effective two
business days after the publication date of such press release. The provisions of this paragraph will not apply if the release or waiver
is effected solely to permit a transfer not for consideration and the transferee has agreed in writing to be bound by the same terms described
in this Letter Agreement to the extent and for the duration that such terms remain in effect at the time of the transfer.

 

		4.	In the event of the liquidation of the Trust Account upon the failure of the Company to consummate its initial Business Combination
within the time period set forth in the Charter, the Sponsor (the “Indemnitor”) agrees to indemnify and hold
harmless the Company against any and all loss, liability, claim, damage and expense whatsoever (including, but not limited to, any and
all legal or other expenses reasonably incurred in investigating, preparing or defending against any litigation, whether pending or threatened)
to which the Company may become subject as a result of any claim by (i) any third party for services rendered or products sold to
the Company or (ii) any prospective target business with which the Company has entered into a written letter of intent, confidentiality
or other similar agreement or Business Combination agreement (a “Target”); provided, however,
that such indemnification of the Company by the Indemnitor (x) shall apply only to the extent necessary to ensure that such claims
by a third party or a Target do not reduce the amount of funds in the Trust Account to below the lesser of (i) $10.10 per Offering Share
and (ii) the actual amount per Offering Share held in the Trust Account as of the date of the liquidation of the Trust Account, if
less than $10.10 per Offering Share is then held in the Trust Account due to reductions in the value of the trust assets, less taxes payable,
(y) shall not apply to any claims by a third party or a Target which executed a waiver of any and all rights to the monies held in
the Trust Account (whether or not such waiver is enforceable) and (z) shall not apply to any claims under the Company’s indemnity
of the Underwriters against certain liabilities, including liabilities under the Securities Act of 1933, as amended. The Indemnitor shall
have the right to defend against any such claim with counsel of its choice reasonably satisfactory to the Company if, within 15 days following
written receipt of notice of the claim to the Indemnitor, the Indemnitor notifies the Company in writing that it shall undertake such
defense.

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		5.	To the extent that the Underwriters do not exercise their over-allotment option to purchase up to an additional 2,250,000 Units within
45 days from the date of the Prospectus (and as further described in the Prospectus), the Sponsor agrees to forfeit, at no cost, a number
of Founder Shares, equal to 562,500 multiplied by a fraction, (i) the numerator of which is 2,250,000 minus the number of Units purchased
by the Underwriters upon the exercise of their over-allotment option, and (ii) the denominator of which is 2,250,000. The forfeiture
will be adjusted to the extent that the over-allotment option is not exercised in full by the Underwriters so that the Founder Shares
will represent an aggregate of 20% of the Company’s issued and outstanding Class A Ordinary Shares after the Public Offering
(not including Class A Ordinary Shares underlying the Private Placement Warrants (as defined below)). The Initial Shareholders further
agree that to the extent that the size of the Public Offering is increased or decreased, the Company will purchase or sell Units or effect
a share repurchase or share capitalization, as applicable, immediately prior to the consummation of the Public Offering in such amount
as to maintain the ownership of the Initial Shareholders prior to the Public Offering at 20.0% of its issued and outstanding Capital Shares
upon the consummation of the Public Offering. In connection with such increase or decrease in the size of the Public Offering, then (A) the
references to 2,250,000 in the numerator and denominator of the formula in the first sentence of this paragraph shall be changed to a
number equal to 15% of the number of Public Shares included in the Units issued in the Public Offering and (B) the reference to 562,500
in the formula set forth in the first sentence of this paragraph shall be adjusted to such number of Founder Shares that the Sponsor would
have to surrender to the Company in order for the Initial Shareholders to hold an aggregate of 20% of the Company’s issued and outstanding
Class A Ordinary Shares after the Public Offering (not including Class A Ordinary Shares underlying the Warrants or Private
Placement Warrants).

 

		6.	The Sponsor and each Insider hereby agrees and acknowledges that: (i) the Underwriters and the Company would be irreparably injured
in the event of a breach by such Sponsor or an Insider of its, his or her obligations under paragraphs 1, 2, 3, 4, 5, 7(a), and 7(b),
as applicable, of this Letter Agreement, (ii) monetary damages may not be an adequate remedy for such breach and (iii) the non-breaching
party shall be entitled to injunctive relief, in addition to any other remedy that such party may have in law or in equity, in the event
of such breach.

 

		7.	(a) The Sponsor and each Insider agrees that it, he or she shall not Transfer any Founder Shares (or any Class A Ordinary Shares issuable upon conversion thereof) until the earlier of (A) one year after the completion of the Company’s initial Business Combination and (B) subsequent to the Business Combination, (x) if the closing price of the Class A Ordinary Shares equals or exceeds $12.00 per share (as adjusted for share splits, share dividends, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period commencing at least 150 days after the Company’s initial Business Combination or (y) the date on which the Company completes a liquidation, merger, amalgamation, share exchange, reorganization or other similar transaction that results in all of the Company’s Public Shareholders having the right to exchange their shares of Class A Ordinary Shares for cash, securities or other property (the “Founder Shares Lock-up Period”).

                                                                     

                                                                    (b) The Sponsor and each Insider agrees that it, he or she shall not Transfer any Private Placement Warrants (or any Class A Ordinary Shares underlying the Private Placement Warrants), until 30 days after the completion of a Business Combination (the “Private Placement Warrants Lock-up Period”, together with the Founder Shares Lock-up Period, the “Lock-up Periods”).

                                                                    

                                                                    

 

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	 	 	(c) Notwithstanding the provisions set forth in paragraphs 7(a) and (b), Transfers of the Founder Shares, Private Placement Warrants and the Class A Ordinary Shares underlying the Private Placement Warrants that are held by the Sponsor, any Insider or any of their permitted transferees (that have complied with this paragraph 7(c)), are permitted (a) to the Company’s officers or directors, any affiliate or family member of any of the Company’s officers or directors, any affiliate of the Sponsor or to any members of the Sponsor or any of their affiliates; (b) in the case of an individual, by gift to a member of such individual’s immediate family or to a trust, the beneficiary of which is a member of such individual’s immediate family, an affiliate of such individual or to a charitable organization; (c) in the case of an individual, by virtue of laws of descent and distribution upon death of such 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 an initial Business Combination at prices no greater than the price at which the securities were originally purchased; (f)  by virtue of the laws of the Cayman Islands or the Sponsor’s limited liability company agreement upon dissolution of the Sponsor; (g) in the event of the Company’s liquidation prior to the completion of an initial Business Combination; or (h) 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 Ordinary Shares for cash, securities or other property subsequent to the Company’s completion of an initial Business Combination; provided, however, that in the case of clauses (a) through (f), these permitted transferees must enter into a written agreement with the Company agreeing to be bound by the transfer restrictions herein and the other restrictions contained in this Agreement (including provisions relating to voting, the Trust Account and liquidating distributions).

                                   

		8.	The Sponsor and each Insider represents and warrants that it, he or she has never been suspended or expelled from membership in any
securities or commodities exchange or association or had a securities or commodities license or registration denied, suspended or revoked.
Each Insider’s biographical information furnished to the Company (including any such information included in the Prospectus) is
true and accurate in all respects and does not omit any material information with respect to the Insider’s background. The Sponsor
and each Insider’s questionnaire furnished to the Company is true and accurate in all respects. The Sponsor and each Insider represents
and warrants that: it, he or she is not subject to or a respondent in any legal action for, any injunction, cease-and-desist order or
order or stipulation to desist or refrain from any act or practice relating to the offering of securities in any jurisdiction; it, he
or she has never been convicted of, or pleaded guilty to, any crime (i) involving fraud, (ii) relating to any financial transaction
or handling of funds of another person, or (iii) pertaining to any dealings in any securities and it, he or she is not currently
a defendant in any such criminal proceeding.

 

		9.	Except as disclosed in the Prospectus, neither the Sponsor nor any officer, nor any affiliate of the Sponsor or any officer, nor any
director of the Company, shall receive from the Company any finder’s fee, reimbursement, consulting fee, non-cash payments, monies
in respect of any repayment of a loan or other compensation prior to, or in connection with any services rendered in order to effectuate,
the consummation of the Company’s initial Business Combination (regardless of the type of transaction that it is), other than the
following, none of which will be made from the proceeds held in the Trust Account prior to the completion of the initial Business Combination:
repayment of a loan and advances up to an aggregate of $300,000 made to the Company by the Sponsor; payment to the Sponsor for certain
office space, utilities, secretarial and administrative support as may be reasonably required by the Company for a total of $15,000 per
month; reimbursement for any reasonable out-of-pocket expenses related to identifying, investigating, negotiating and completing an initial
Business Combination, and repayment of loans, if any, and on such terms as to be determined by the Company from time to time, made by
the Sponsor or an affiliate of the Sponsor or any of the Company’s officers or directors to finance transaction costs in connection
with an intended initial Business Combination, provided, that, if the Company does not consummate an initial Business Combination, a portion
of the working capital held outside the Trust Account may be used by the Company to repay such loaned amounts so long as no proceeds from
the Trust Account are used for such repayment. Up to $1,500,000 of such loans may be convertible into warrants at a price of $1.00 per
warrant at the option of the lender. Such warrants would be identical to the Private Placement Warrants, including as to exercise price,
exercisability and exercise period.

 

		10.	The Sponsor and each Insider has full right and power, without violating any agreement to which it is bound (including, without limitation,
any non-competition or non-solicitation agreement with any employer or former employer), to enter into this Letter Agreement and, as applicable,
to serve as an officer and/or director on the board of directors of the Company and hereby consents to being named in the Prospectus as
an officer and/or director of the Company.

 

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		11.	As used herein, (i) “Business Combination” shall mean a merger, share exchange, asset acquisition, share
purchase, reorganization or similar business combination, involving the Company and one or more businesses; (ii) “Ordinary
Shares” shall mean the Class A Ordinary Shares and Class B ordinary shares, par value $0.0001 per share (the “Class B
Ordinary Shares”); (iii) “Founder Shares” shall mean the 4,312,500 Class B Ordinary Shares
issued and outstanding (up to 562,500 of which are subject to complete or partial forfeiture if the over-allotment option is not exercised
by the Underwriters); (iv) “Initial Shareholders” shall mean the Sponsor and any Insider that holds Founder
Shares; (v) “Private Placement Warrants” shall mean the 6,500,000 warrants (or 7,175,000 warrants if the over-allotment
option is exercised in full) that the Sponsor has agreed to purchase for an aggregate purchase price of $6,500,000 (or $7,175,000 if the
over-allotment option is exercised in full), or $1.00 per warrant, in a private placement that shall occur simultaneously with the consummation
of the Public Offering; (vi) “Public Shareholders” shall mean the holders of securities issued in the Public
Offering; (vii) “Trust Account” shall mean the trust fund into which a portion of the net proceeds of the Public
Offering and the sale of the Private Placement Warrants shall be deposited; and (viii) “Transfer” shall mean
the (a) sale of, offer to sell, contract or agreement to sell, hypothecate, pledge, grant of any option to purchase or otherwise
dispose of or agreement to dispose of, directly or indirectly, or establishment or increase of a put equivalent position or liquidation
with respect to or decrease of a call equivalent position within the meaning of Section 16 of the Exchange Act, and the rules and
regulations of the Commission promulgated thereunder with respect to, any security, (b) entry into any swap or other arrangement
that transfers to another, in whole or in part, any of the economic consequences of ownership of any security, whether any such transaction
is to be settled by delivery of such securities, in cash or otherwise, or (c) public announcement of any intention to effect any
transaction specified in clause (a) or (b).

 

		12.	The Company will maintain an insurance policy or policies providing directors’ and officers’ liability insurance, and
each Director shall be covered by such policy or policies, in accordance with its or their terms, to the maximum extent of the coverage
available for any of the Company’s directors or officers.

 

		13.	This Letter Agreement constitutes the entire agreement and understanding of the parties hereto in respect of the subject matter hereof
and supersedes all prior understandings, agreements, or representations by or among the parties hereto, written or oral, to the extent
they relate in any way to the subject matter hereof or the transactions contemplated hereby. This Letter Agreement may not be changed,
amended, modified or waived (other than to correct a typographical error) as to any particular provision, except by a written instrument
executed by all parties hereto.

 

		14.	No party hereto may assign either this Letter Agreement or any of its rights, interests, or obligations hereunder without the prior
written consent of the other parties. Any purported assignment in violation of this paragraph shall be void and ineffectual and shall
not operate to transfer or assign any interest or title to the purported assignee. This Letter Agreement shall be binding on the Sponsor
and each Insider and their respective successors, heirs and assigns and permitted transferees.

 

		15.	Nothing in this Letter Agreement shall be construed to confer upon, or give to, any person or corporation other than the parties hereto
any right, remedy or claim under or by reason of this Letter Agreement or of any covenant, condition, stipulation, promise or agreement
hereof. All covenants, conditions, stipulations, promises and agreements contained in this Letter Agreement shall be for the sole and
exclusive benefit of the parties hereto and their successors, heirs, personal representatives and assigns and permitted transferees.

 

		16.	This Letter Agreement may be executed in any number of original or facsimile counterparts and each of such counterparts shall for
all purposes be deemed to be an original, and all such counterparts shall together constitute but one and the same instrument.

 

		17.	This Letter Agreement shall be deemed severable, and the invalidity or unenforceability of any term or provision hereof shall not
affect the validity or enforceability of this Letter Agreement or of any other term or provision hereof. Furthermore, in lieu of any such
invalid or unenforceable term or provision, the parties hereto intend that there shall be added as a part of this Letter Agreement a provision
as similar in terms to such invalid or unenforceable provision as may be possible and be valid and enforceable.

 

		18.	This Letter Agreement shall be governed by and construed and enforced in accordance with the laws of the State of New York. The parties
hereto (i) all agree that any action, proceeding, claim or dispute arising out of, or relating in any way to, this Letter Agreement
shall be brought and enforced in the courts of New York City, in the State of New York, and irrevocably submit to such jurisdiction and
venue, which jurisdiction and venue shall be exclusive and (ii) waive any objection to such exclusive jurisdiction and venue or that
such courts represent an inconvenient forum.

 

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		19.	Any notice, consent or request to be given in connection with any of the terms or provisions of this Letter Agreement shall be in
writing and shall be sent by express mail or similar private courier service, by certified mail (return receipt requested), by hand delivery
or facsimile transmission.

 

		20.	This Letter Agreement shall terminate on the earlier of (i) the expiration of the Lock-up Periods or (ii) the liquidation
of the Company; provided, however, that this Letter Agreement shall earlier terminate in the event that the Public Offering is not consummated
and closed by [June 30, 2022]; provided further that paragraph 4 of this Letter Agreement shall survive such liquidation.

 

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	 	Sincerely,
	 	 
	 	
    CHENGHE INVESTMENT CO.

     

	 	By:	 
	 	 	Name: Qi Li 
	 	 	Title: Director 
	 	
     

 

	 	Name: Qi Li 
	 	
     

 

    Name: Zhiyang Zhou

	 	
     

 

    Name: Shibin Wang

	 	
     

 

    Name: Kwan Sun

	 	
     

 

    Name: Ning Ma

	 	
     

 

    Name: Robert Ewing

 

	Acknowledged and Agreed:	 
	 	 
	CHENGHE ACQUISITION CO. 	 
	 	 	 
	By:	 	 
	 	Name: Shibin Wang 	 
	 	Title: Chief Executive Officer and Director 	 

 

[Signature Page to Letter
Agreement]Exhibit 10.2

 

FORM OF INVESTMENT MANAGEMENT TRUST AGREEMENT

 

This Investment Management Trust Agreement (this
 “Agreement”) is made effective as of                     ,
2022 by and between Chenghe Acquisition Co., a Cayman Islands exempted company (the “Company”), and Continental
Stock Transfer & Trust Company, a New York corporation (the “Trustee”).

 

WHEREAS, the Company’s registration statement
on Form S-1, File No. [ ] (the “Registration Statement”) and prospectus (the “Prospectus”)
for the initial public offering (the “Offering”) of the Company’s units (the “Units”),
each of which consists of one Class A ordinary share, par value $0.0001 per share (the “Ordinary Shares”),
and one-half of one redeemable warrant, has been declared effective as of the date hereof by the U.S. Securities and Exchange Commission;

 

WHEREAS, the Company has entered into an Underwriting
Agreement (the “Underwriting Agreement”) with Morgan Stanley & Co. LLC, Revere Securities LLC and US Tiger
Securities, Inc., as representatives (the “Representatives”) of the several underwriters (the “Underwriters”)
named therein;

 

WHEREAS, if a Business Combination (as defined
below) is not consummated within 18 months from the closing of the Offering, upon the request of the Company’s sponsor, Chenghe
Investment Co. (the “Sponsor”) or the Sponsor’s affiliates or designees, the Company shall extend such
period by up to two extensions with each extension being three months, subject to the Sponsor or its affiliates or designees paying into
the Trust Account $1,500,000 (or up to $1,725,000 depending on the extent to which the underwriters’ over-allotment option is exercised,
in all cases, $0.10 per Ordinary Share) no later than the 18 months and the 21 months anniversary of the Offering (each, an “Applicable
Deadline”) for each three month extension (each, an “Extension”), in exchange for which the Sponsor
will receive a non-interest bearing, unsecured promissory note for each Extension payable upon consummation of the Business Combination;

 

WHEREAS, as described in the Prospectus, $151,500,000
of the gross proceeds of the Offering and sale of the Private Placement Warrants (as defined in the Underwriting Agreement) (or $174,225,000
if the Underwriters’ over-allotment option is exercised in full) will be delivered to the Trustee to be deposited and held in a
segregated trust account located at all times in the United States (the “Trust Account”) for the benefit of
the Company and the holders of the Ordinary Shares included in the Units issued in the Offering as hereinafter provided (the amount to
be delivered to the Trustee (and any interest subsequently earned thereon) is referred to herein as the “Property,”
the shareholders for whose benefit the Trustee shall hold the Property will be referred to as the “Public Shareholders,”
and the Public Shareholders and the Company will be referred to together as the “Beneficiaries”);

 

WHEREAS, pursuant to the Underwriting Agreement,
a portion of the Property equal to $5,250,000, or $6,037,500 if the Underwriters’ over-allotment option is exercised in full, is
attributable to deferred underwriting discounts and commissions that will be payable by the Company to the Underwriters upon and concurrently
with the consummation of the Business Combination (as defined below) (the “Deferred Discount”); and

 

WHEREAS, the Company and the Trustee desire to
enter into this Agreement to set forth the terms and conditions pursuant to which the Trustee shall hold the Property.

 

NOW THEREFORE, IT IS AGREED:

		1.	Agreements and Covenants
of Trustee. The Trustee hereby agrees and covenants
to: 

 

		(a)	Hold the Property in trust for the Beneficiaries in accordance with the terms of this Agreement in the
Trust Account established by the Trustee in the United States at J.P. Morgan Chase Bank, N.A. (or at another U.S. chartered commercial
bank with consolidated assets of $100 billion or more) and at a brokerage institution selected by the Trustee that is reasonably
satisfactory to the Company;

 

		(b)	Manage, supervise and administer the Trust Account subject to the terms and conditions set forth herein;

 

		(c)	In a timely manner, upon the written instruction of the Company, invest and reinvest the Property solely
in United States government securities within the meaning of Section 2(a)(16) of the Investment Company Act of 1940, as amended,
having a maturity of 185 days or less, or in money market funds meeting the conditions of paragraphs (d)(1), (d)(2), (d)(3) and (d)(4)
of Rule 2a-7 promulgated under the Investment Company Act of 1940, as amended (or any successor rule), which invest only in direct U.S.
government treasury obligations, as determined by the Company; it being understood that the Trust Account will earn no interest while
account funds are uninvested awaiting the Company’s instructions hereunder; while account funds are invested or uninvested, the
Trustee may earn bank credits or other consideration;

 

    

    

    

  

		(d)	Collect and receive, when due, all interest or other income arising from the Property, which shall become
part of the “Property,” as such term is used herein;

 

		(e)	Promptly notify the Company and the Representatives of all communications received by the Trustee with
respect to any Property requiring action by the Company;

 

		(f)	Supply any necessary information or documents as may be requested by the Company (or its authorized agents)
in connection with the Company’s preparation of the tax returns relating to assets held in the Trust Account;

 

		(g)	Participate in any plan or proceeding for protecting or enforcing any right or interest arising from the
Property if, as and when instructed by the Company to do so;

 

		(h)	Render to the Company monthly written statements of the activities of, and amounts in, the Trust Account
reflecting all receipts and disbursements of the Trust Account;

 

		(i)	Commence liquidation of the Trust Account only after and promptly after (x) receipt of, and only
in accordance with the terms of, a letter from the Company (“Termination Letter”) in a form substantially similar
to that attached hereto as either Exhibit A or Exhibit B, as applicable, signed on behalf of the Company by its Chief Executive
Officer, Chief Financial Officer or Chairman of the board of directors of the Company (the “Board”) or another
authorized officer of the Company, and, in the case of Exhibit A, acknowledged and agreed to by the Representatives, and complete
the liquidation of the Trust Account and distribute the Property in the Trust Account, including interest earned on the funds held in
the Trust Account (less taxes payable and up to $100,000 of interest to pay dissolution expenses), only as directed in the Termination
Letter and the other documents referred to therein, or (y) upon the date which is the later of (1) 18 months after the closing of
the Offering, (2) such later date upon one or two Extensions effectuated pursuant to the terms hereof and (3) such later date as
may be approved by the Company’s shareholders in accordance with the Company’s amended and restated memorandum and articles
of association if a Termination Letter has not been received by the Trustee prior to such date, in which case the Trust Account shall
be liquidated in accordance with the procedures set forth in the Termination Letter attached as Exhibit B and the Property in the
Trust Account, including interest earned on the funds held in the Trust Account (less taxes payable and up to $100,000 of interest to
pay dissolution expenses), shall be distributed to the Public Shareholders of record as of such date;

 

		(j)	Upon written request from the Company, which may be given from time to time in a form substantially similar
to that attached hereto as Exhibit C (a “Tax Payment Withdrawal Instruction”), withdraw from the Trust
Account and distribute to the Company the amount of interest earned on the Property requested by the Company to cover any tax obligation
owed by the Company as a result of assets of the Company or interest or other income earned on the Property, which amount shall be delivered
directly to the Company by electronic funds transfer or other method of prompt payment, and the Company shall forward such payment to
the relevant taxing authority so long as there is no reduction in the principal amount per share initially deposited in the Trust Account;
provided, however, that to the extent there is not sufficient cash in the Trust Account to pay such tax obligation, the
Trustee shall liquidate such assets held in the Trust Account as shall be designated by the Company in writing to make such distribution
(it being acknowledged and agreed that any such amount in excess of interest income earned on the Property shall not be payable from the
Trust Account). The written request of the Company referenced above shall constitute presumptive evidence that the Company is entitled
to said funds, and the Trustee shall have no responsibility to look beyond said request;

 

		(k)	Upon written request from the Company, which may be given from time to time in a form substantially similar
to that attached hereto as Exhibit D (a “Shareholder Redemption Withdrawal Instruction”), the Trustee
shall distribute to the Public Shareholders on behalf of the Company the amount requested by the Company to be used to redeem Ordinary
Shares from Public Shareholders properly submitted in connection with a shareholder vote to approve an amendment to the Company’s
amended and restated memorandum and articles of association (A) to modify the substance or timing of the Company’s obligation to
allow redemption in connection with our initial business combination or to redeem 100% of the Ordinary Shares included in the Units sold
in the Offering if the Company has not consummated an initial Business Combination within such time as is described in the Company’s
amended and restated memorandum and articles of association or (B) with respect to any other material provisions relating to shareholders’
rights or pre- initial Business Combination activity. The written request of the Company referenced above shall constitute presumptive
evidence that the Company is entitled to distribute said funds, and the Trustee shall have no responsibility to look beyond said request;

 

    2

     

    

 

		(l)	Not make any withdrawals or distributions from the Trust Account other than pursuant to Section 1(i),
(j) or (k) above; and

 

		(m)	Upon receipt of an extension letter in a form substantially similar to that attached hereto
as Exhibit E (“Extension Letter”) at least five business days prior to the Applicable Deadline, signed
on behalf of the Company by an executive officer, and receipt of the dollar amount specified in the Extension Letter on or prior to the
Applicable Deadline, follow the instructions set forth in the Extension Letter.

 

		2.	Agreements and Covenants
of the Company. The Company hereby agrees and covenants to:

 

		(a)	Give all instructions to the Trustee hereunder in writing, signed by the Company’s Chairman of the
Board, Chief Executive Officer, Chief Financial Officer or another authorized officer of the Company. In addition, except with respect
to its duties under Sections 1(i), 1(j) and 1(k) hereof, the Trustee shall be entitled to rely on, and shall be protected
in relying on, any verbal or telephonic advice or instruction which it, in good faith and with reasonable care, believes to be given by
any one of the persons authorized above to give written instructions, provided that the Company shall promptly confirm such instructions
in writing;

 

		(b)	Subject to Section 4 hereof, hold the Trustee harmless and indemnify the Trustee from and
against any and all expenses, including reasonable counsel fees and disbursements, or losses suffered by the Trustee in connection with
any action taken by it hereunder and in connection with any action, suit or other proceeding brought against the Trustee involving any
claim, or in connection with any claim or demand, which in any way arises out of or relates to this Agreement, the services of the Trustee
hereunder, or the Property or any interest earned on the Property, except for expenses and losses resulting from the Trustee’s gross
negligence, fraud or willful misconduct. Promptly after the receipt by the Trustee of notice of demand or claim or the commencement of
any action, suit or proceeding, pursuant to which the Trustee intends to seek indemnification under this Section 2(b), it
shall notify the Company in writing of such claim (hereinafter referred to as the “Indemnified Claim”). The
Trustee shall have the right to conduct and manage the defense against such Indemnified Claim; provided that the Trustee
shall obtain the consent of the Company with respect to the selection of counsel, which consent shall not be unreasonably withheld. The
Trustee may not agree to settle any Indemnified Claim without the prior written consent of the Company, which such consent shall not be
unreasonably withheld. The Company may participate in such action with its own counsel;

 

		(c)	Pay the Trustee the fees set forth on Schedule A hereto, including an initial acceptance fee, annual
administration fee, and transaction processing fee which fees shall be subject to modification by the parties from time to time. It is
expressly understood that the Property shall not be used to pay such fees unless and until it is distributed to the Company pursuant to Sections
1(i) through 1(j) hereof. The Company shall pay the Trustee the initial acceptance fee and the first annual administration
fee at the consummation of the Offering. The Company shall not be responsible for any other fees or charges of the Trustee except as set
forth in this Section 2(c), Schedule A and as may be provided in Section 2(b) hereof;

 

		(d)	In connection with any vote of the Company’s shareholders regarding a merger, share exchange, asset
acquisition, share purchase, reorganization or similar business combination involving the Company and one or more businesses (the “Business
Combination”), provide to the Trustee an affidavit or certificate of the inspector of elections for the shareholder meeting
verifying the vote of such shareholders regarding such Business Combination;

 

		(e)	Provide the Representatives with a copy of any Termination Letter(s) and/or any other correspondence that
is sent to the Trustee with respect to any proposed withdrawal from the Trust Account promptly after it issues the same;

 

		(f)	Unless otherwise agreed between the Company and the Representatives, ensure that any Instruction Letter
(as defined in Exhibit A) delivered in connection with a Termination Letter in the form of Exhibit A expressly provides that the
Deferred Discount is paid directly to the account or accounts directed by the Representatives on behalf of the Underwriters prior to any
transfer of the funds held in the Trust Account to the Company or any other person;

 

    3

     

    

 

		(g)	Instruct the Trustee to make only those distributions that are permitted under this Agreement, and refrain
from instructing the Trustee to make any distributions that are not permitted under this Agreement; 

 

		(h)	Within four (4) business days after the Underwriters exercise the over-allotment option (or any unexercised
portion thereof) or such over-allotment option expires, provide the Trustee with a notice in writing of the total amount of the Deferred
Discount;

 

		(i)	If applicable, issue a press release at least three days prior to the Applicable Deadline announcing that,
at least five days prior to the Applicable Deadline, the Company received notice from the Sponsor that the Sponsor intends to deposit
funds into the Trust Account for extending the Applicable Deadline and the Board has approved such Extension; and

 

		(j)	Promptly following the Applicable Deadline, disclose whether or not the deadline for the Company to consummate
a Business Combination has been extended.

 

		3.	Limitations of Liability. The Trustee shall have no responsibility
or liability to:

 

		(a)	Imply obligations, perform duties, inquire or otherwise be subject to the provisions of any agreement
or document other than this Agreement and that which is expressly set forth herein;

 

		(b)	Take any action with respect to the Property, other than as directed in Section 1 hereof,
and the Trustee shall have no liability to any third party except for liability arising out of the Trustee’s gross negligence, fraud
or willful misconduct;

 

		(c)	Institute any proceeding for the collection of any principal and income arising from, or institute, appear
in or defend any proceeding of any kind with respect to, any of the Property unless and until it shall have received instructions from
the Company given as provided herein to do so and the Company shall have advanced or guaranteed to it funds sufficient to pay any expenses
incident thereto;

 

		(d)	Refund any depreciation in principal of any Property;

 

		(e)	Assume that the authority of any person designated by the Company to give instructions hereunder shall
not be continuing unless provided otherwise in such designation, or unless the Company shall have delivered a written revocation of such
authority to the Trustee;

 

		(f)	The other parties hereto or to anyone else for any action taken or omitted by it, or any action suffered
by it to be taken or omitted, in good faith and in the Trustee’s best judgment, except for the Trustee’s gross negligence,
fraud or willful misconduct. The Trustee may rely conclusively and shall be protected in acting upon any order, notice, demand, certificate,
opinion or advice of counsel (including counsel chosen by the Trustee, which counsel may be the Company’s counsel), statement, instrument,
report or other paper or document (not only as to its due execution and the validity and effectiveness of its provisions, but also as
to the truth and acceptability of any information therein contained) which the Trustee believes, in good faith and with reasonable care,
to be genuine and to be signed or presented by the proper person or persons. The Trustee shall not be bound by any notice or demand, or
any waiver, modification, termination or rescission of this Agreement or any of the terms hereof, unless evidenced by a written instrument
delivered to the Trustee, signed by the proper party or parties and, if the duties or rights of the Trustee are affected, unless it shall
give its prior written consent thereto;

 

		(g)	Verify the accuracy of the information contained in the Registration Statement;

 

		(h)	Provide any assurance that any Business Combination entered into by the Company or any other action taken
by the Company is as contemplated by the Registration Statement;

 

		(i)	File information returns with respect to the Trust Account with any local, state or federal taxing authority
or provide periodic written statements to the Company documenting the taxes payable by the Company, if any, relating to any interest income
earned on the Property;

 

		(j)	Prepare, execute and file tax reports, income or other tax returns and pay any taxes with respect to any
income generated by, and activities relating to, the Trust Account, regardless of whether such tax is payable by the Trust Account or
the Company, including, but not limited to, tax obligations, except pursuant to Section 1(j) hereof; or

 

		(k)	Verify calculations, qualify or otherwise approve the Company’s written requests for distributions
pursuant to Sections 1(i), 1(j) or 1(k) hereof.

 

    4

     

    

 

		4.	Trust Account Waiver. The Trustee has 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. In the event the Trustee
has any Claim against the Company under this Agreement, including, without limitation, under Section 2(b) or Section
2(c) hereof, the Trustee 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. 

 

		5.	Termination. This Agreement shall terminate as follows:

 

		(a)	If the Trustee gives written notice to the Company that it desires to resign under this Agreement, the
Company shall use its reasonable efforts to locate a successor trustee, pending which the Trustee shall continue to act in accordance
with this Agreement. At such time that the Company notifies the Trustee that a successor trustee has been appointed and has agreed to
become subject to the terms of this Agreement, the Trustee shall transfer the management of the Trust Account to the successor trustee,
including but not limited to the transfer of copies of the reports and statements relating to the Trust Account, whereupon this Agreement
shall terminate; provided, however, that in the event that the Company does not locate a successor trustee within ninety
(90) days of receipt of the resignation notice from the Trustee, the Trustee may submit an application to have the Property deposited
with any court in the State of New York or with the United States District Court for the Southern District of New York and upon such deposit,
the Trustee shall be immune from any liability whatsoever; or

 

		(b)	At such time that the Trustee has completed the liquidation of the Trust Account and its obligations in
accordance with the provisions of Section 1(i) hereof and distributed the Property in accordance with the provisions of the
Termination Letter, this Agreement shall terminate except with respect to Section 2(b).

 

		6.	Miscellaneous. 

 

		(a)	The Company and the Trustee each acknowledge that the Trustee will follow the security procedures set
forth below with respect to funds transferred from the Trust Account. The Company and the Trustee will each restrict access to confidential
information relating to such security procedures to authorized persons. Each party must notify the other party immediately if it has reason
to believe unauthorized persons may have obtained access to such confidential information, or of any change in its authorized personnel.
In executing funds transfers, the Trustee shall rely upon all information supplied to it by the Company, including, account names, account
numbers, and all other identifying information relating to a Beneficiary, Beneficiary’s bank or intermediary bank. Except for any
liability arising out of the Trustee’s gross negligence, fraud or willful misconduct, the Trustee shall not be liable for any loss,
liability or expense resulting from any error in the information or transmission of the funds.

 

		(b)	This Agreement shall be governed by and construed and enforced in accordance with the laws of the State
of New York. This Agreement may be executed in several original or facsimile counterparts, each one of which shall constitute an original,
and together shall constitute but one instrument.

 

		(c)	This Agreement contains the entire agreement and understanding of the parties hereto with respect to the
subject matter hereof. Except for Section 1(i), 1(j) and 1(k) hereof (which sections may not be modified, amended
or deleted without the affirmative vote of sixty-five percent (65%) of the then outstanding Ordinary Shares and Class B ordinary
shares, par value $0.0001 per share, of the Company, voting together as a single class; provided that no such amendment will affect
any Public Shareholder who has properly elected to redeem his or her Ordinary Shares in connection with a shareholder vote to amend this
Agreement (A) to modify the substance or timing of the Company’s obligation to allow redemption in connection with our initial business
combination or to redeem 100% of its Ordinary Shares if the Company does not complete its initial Business Combination within the time
frame specified in the Company’s amended and restated memorandum and articles of association or (B) with respect to any other material
provisions relating to shareholders’ rights or pre-initial Business Combination activity), this Agreement or any provision hereof
may only be changed, amended or modified (other than to correct a typographical error) by a writing signed by each of the parties hereto.

 

    5

     

    

 

		(d)	The parties hereto consent to the jurisdiction and venue of any state or federal court located in the
City of New York, State of New York, for purposes of resolving any disputes hereunder. AS TO ANY CLAIM, CROSS-CLAIM OR COUNTERCLAIM IN
ANY WAY RELATING TO THIS AGREEMENT, EACH PARTY WAIVES THE RIGHT TO TRIAL BY JURY.

 

		(e)	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 by express mail or similar private courier service, by certified mail (return receipt requested),
by hand delivery or by electronic mail:

 

if to the Trustee, to:

 

Continental Stock Transfer &
Trust Company

1 State Street, 30th Floor

New York, New York 10004

Attn: Francis Wolf & Celeste
Gonzalez

Email: fwolf@continentalstock.com,
cgonzalez@continentalstock.com

 

if to the Company, to:

 

Chenghe Acquisition Co.

[38 Beach Road #29-11

South
Beach Tower

Singapore 189767

Attn: Qi Li

Email: richard.li@chengheinv.com]

 

in each case, with copies to:

 

White & Case

9th Floor, Central Tower,

28 Queen’s Road Central,

Central, Hong Kong

Attn: Jessica Zhou

Email: jessica.zhou@whitecase.com

 

Morgan Stanley & Co. LLC

1585 Broadway, New York, NY 10019

Attn: Kyle McDonnell

Email: kyle.mcdonnell@morganstanley.com

 

Revere Securities LLC

650 Fifth Avenue, 35th Floor

New York, NY 10019

Attn: Dajiang Guo

Email: dguo@reveresecurities.com

 

US Tiger Securities, Inc.

437 Madison Avenue, 27th Floor

New York, NY 10022

Attn: Edison Zhu

Email: edison.zhu@ustigersecurities.com

 

and

Paul Hastings LLP

22/F, Bank of China Tower

1 Garden Road, Central

Hong Kong

Attn: Raymond Li, Esq.; Neil A. Torpey, Esq.; Fang Pei,
Esq.

Email: raymondli@paulhastings.com; neiltorpey@paulhastings.com;
fangpei@paulhastings.com

  

		(a)	Each of the Company and the Trustee hereby represents that it has the full right and power and has been
duly authorized to enter into this Agreement and to perform its respective obligations as contemplated hereunder. The Trustee acknowledges
and agrees that it shall not make any claims or proceed against the Trust Account, including by way of set-off, and shall not be entitled
to any funds in the Trust Account under any circumstance.

 

    6

     

    

 

 

		(b)	This
                                            Agreement is the joint product of the Trustee 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.

 

		(c)	This
                                            Agreement may be executed in any number of counterparts, each of which shall be deemed to
                                            be an original, but all such counterparts shall together constitute one and the same instrument.
                                            Delivery of a signed counterpart of this Agreement by facsimile or electronic transmission
                                            shall constitute valid and sufficient delivery thereof.

 

		(d)	Each
                                            of the Company and the Trustee hereby acknowledges and agrees that the Representatives on
                                            behalf of the Underwriters are third-party beneficiaries of this Agreement.

 

		(e)	Except
                                            as specified herein, no party to this Agreement may assign its rights or delegate its obligations
                                            hereunder to any other person or entity.

 

    7

     

    

 

IN
WITNESS WHEREOF, the parties have duly executed this Investment Management Trust Agreement as of the date first written above.

 

	 	CONTINENTAL
    STOCK TRANSFER & TRUST COMPANY, as Trustee
	 	 
	 	By:	 
                                         
                                     
	 	 	Name:
    Francis Wolf
	 	 	Title:
      Vice President

 

	 	CHENGHE
    ACQUISITION CO.
	 	 
	 	By:	 
	 	 	Name:
    Shibin Wang
	 	 	Title: Chief
    Executive Officer and Director

 

[Signature
Page to Investment Management Trust Agreement]

 

     

     

    

 

Schedule
A        

 

	Fee
    Item	 	Time
    and method of payment	 	Amount	 
	Initial
    set-up fee.	 	Initial
    closing of Offering by wire transfer.	 	$	3,500.00	 
	Trustee
    administration fee	 	Payable
    annually. First year fee payable, at initial closing of Offering by wire transfer, thereafter by wire transfer or check.	 	$	10,000.00	 
	Transaction
    processing fee for disbursements to Company under Section 1	 	Billed
    to Company following disbursement made to Company under Section 1	 	$	250.00	 
	Paying
    Agent services as required pursuant to Section 1(i) and 1(k)	 	Billed
    to Company upon delivery of service pursuant to Section 1(i) and 1(k)	 	 	Prevailing rates	 

 

     

     

    

 

EXHIBIT
A 

[Letterhead
of Company] 

[Insert
date] 

Continental
Stock Transfer & Trust Company

1
State Street, 30th Floor

New
York, New York 10004

Attn:
Francis Wolf & Celeste Gonzalez

 

	 	Re:	Trust
    Account Termination Letter

 

Dear
Mr. Wolf and Ms. Gonzalez:

 

Pursuant to Section 1(i) of the
Investment Management Trust Agreement between Chenghe Acquisition Co. (the “Company”) and Continental Stock
Transfer & Trust Company (“Trustee”), dated as of ___________, 2022 (the “Trust Agreement”),
this is to advise you that the Company has entered into an agreement with ___________ (the “Target Business”)
to consummate a business combination with Target Business (the “Business Combination”) on or about [insert
date]. The Company shall notify you at least seventy-two (72) hours in advance of the actual date (or such shorter period as
you may agree) of the consummation of the Business Combination (the “Consummation Date”). Capitalized terms
used but not defined herein shall have the meanings set forth in the Trust Agreement.

 

In
accordance with the terms of the Trust Agreement, we hereby authorize you to commence to liquidate all of the assets of the Trust Account,
and to transfer the proceeds to a segregated account held by you on behalf of the Beneficiaries to the effect that, on the Consummation
Date, all of the funds held in the Trust Account will be immediately available for transfer to the account or accounts that the Company
shall direct on the Consummation Date (including as directed to it by the Representatives on behalf of the Underwriters (with respect
to the Deferred Discount)).

 

On
the Consummation Date (i) counsel for the Company shall deliver to you written notification that the Business Combination has been
consummated, or will be consummated concurrently with your transfer of funds to the accounts as directed by the Company (the “Notification”),
and (ii) the Company shall deliver to you (a) a certificate of the Chairman of the Board, the Chief Executive Officer, Chief
Financial Officer or another authorized officer of the Company, which verifies that the Business Combination has been approved by a vote
of the Company’s shareholders, if a vote is held and (b) a joint written instruction signed by the Company and the Representatives
with respect to the transfer of the funds held in the Trust Account, including payment of amounts owed to public shareholders who have
properly exercised their redemption rights and payment of the Deferred Discount directly to the account or accounts directed by the Representatives
from the Trust Account (the “Instruction Letter”). You are hereby directed and authorized to transfer the funds
held in the Trust Account immediately upon your receipt of the Notification and the Instruction Letter, in accordance with the terms
of the Instruction Letter. In the event that certain deposits held in the Trust Account may not be liquidated by the Consummation Date
without penalty, you will notify the Company in writing of the same and the Company shall direct you as to whether such funds should
remain in the Trust Account and be distributed after the Consummation Date to the Company. Upon the distribution of all the funds, net
of any payments necessary for reasonable unreimbursed expenses related to liquidating the Trust Account, your obligations under the Trust
Agreement shall be terminated.

 

In
the event that the Business Combination is not consummated on the Consummation Date described in the notice thereof and we have not notified
you on or before the original Consummation Date of a new Consummation Date, then upon receipt by the Trustee of written instructions
from the Company, the funds held in the Trust Account shall be reinvested as provided in Section 1(c) of the Trust Agreement on
the business day immediately following the Consummation Date as set forth in such notice as soon thereafter as possible.

 

     

     

    

 

	 	Very
    truly yours,
	 	 
	 	Chenghe
    Acquisition Co.
	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:  

 

	Agreed
    and acknowledged by:	 
	 	 
	Morgan
    Stanley & Co	 
	 	 
	By:	                            	 
	 	Name:	 
	 	Title:	 

 

	Revere Securities LLC	 
	 	 	 
	By:	
	 
	 	Name:	 
	 	Title:	 

 

 

	US
    Tiger Securities, Inc.	 
	 	 
	By:	 	 
	 	Name:	 
	 	Title:	 

 

     

     

    

 

EXHIBIT
B 

[Letterhead
of Company] 

[Insert
date] 

Continental
Stock Transfer & Trust Company

1
State Street, 30th Floor

New
York, New York 10004

Attn:
Francis Wolf & Celeste Gonzalez

 

	 	Re:	Trust
    Account Termination Letter

 

Dear
Mr. Wolf and Ms. Gonzalez:

 

Pursuant to Section 1(i) of the Investment
Management Trust Agreement between Chenghe Acquisition Co. (the “Company”) and Continental Stock Transfer &
Trust Company (the “Trustee”), dated as of                 
, 2022 (the “Trust Agreement”), this is to advise you that the Company has been unable to effect a business
combination with a Target Business (the “Business Combination”) within the time frame specified in the Company’s
amended and restated memorandum and articles of association, as described in the Company’s Prospectus relating to the Offering.
Capitalized terms used but not defined herein shall have the meanings set forth in the Trust Agreement.

 

In
accordance with the terms of the Trust Agreement, we hereby authorize you to liquidate all of the assets in the Trust Account and to
transfer the total proceeds into a segregated account held by you on behalf of the Beneficiaries to await distribution to the Public
Shareholders. The Company has selected                 1
as the effective date for the purpose of determining when the Public Shareholders will be entitled to receive their share of the
liquidation proceeds. You agree to be the Paying Agent of record and, in your separate capacity as Paying Agent, agree to distribute
said funds directly to the Company’s Public Shareholders in accordance with the terms of the Trust Agreement and the amended and
restated memorandum and articles of association of the Company. Upon the distribution of all the funds, net of any payments necessary
for reasonable unreimbursed expenses related to liquidating the Trust Account, your obligations under the Trust Agreement shall be terminated,
except to the extent otherwise provided in Section 1(i) of the Trust Agreement.

 

	 	Very
    truly yours,
	 	 
	 	Chenghe
    Acquisition Co.
	 	 
	 	By:	           
	 	 	Name:
	 	 	Title:   

 

cc:

 

Morgan
Stanley & Co. LLC

Revere Securities LLC 

US
Tiger Securities, Inc.  

 

 

 

1
18 months from the closing of the Offering or such later date upon
Extensions, if any, or as may be approved by the Company’s shareholders in accordance with the amended and restated memorandum and
articles of association of the Company24 months from the closing of the Offering, or at a later date, if extended.

 

     

     

    

 

EXHIBIT
C 

[Letterhead
of Company] 

[Insert
date] 

Continental
Stock Transfer & Trust Company

1
State Street, 30th Floor

New
York, New York 10004

Attn:
Francis Wolf & Celeste Gonzalez

 

	 	Re:	Trust Account Tax Payment Withdrawal Instruction

 

Dear
Mr. Wolf and Ms. Gonzalez:

 

Pursuant to Section 1(j) of the
Investment Management Trust Agreement between Chenghe Acquisition Co. (the “Company”) and Continental Stock
Transfer & Trust Company (the “Trustee”), dated as of             
, 2022 (the “Trust Agreement”), the Company hereby requests that you deliver to the Company $            
of the interest income earned on the Property as of the date hereof. Capitalized terms used but not defined herein shall have the meanings
set forth in the Trust Agreement.

 

The
Company needs such funds to pay for the tax obligations as set forth on the attached tax return or tax statement. In accordance with
the terms of the Trust Agreement, you are hereby directed and authorized to transfer (via wire transfer) such funds promptly upon your
receipt of this letter to the Company’s operating account at:

 

[WIRE
INSTRUCTION INFORMATION] 

 

	 	Very
    truly yours,
	 	 
	 	Chenghe
    Acquisition Co.
	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:  

 

cc:

 

Morgan Stanley & Co. LLC

Revere Securities LLC

US Tiger Securities, Inc. 

 

     

     

    

 

EXHIBIT
D 

[Letterhead
of Company] 

[Insert
date] 

Continental
Stock Transfer & Trust Company

1
State Street, 30th Floor

New
York, New York 10004

Attn:
Francis Wolf & Celeste Gonzalez

 

	 	Re:	Trust
    Account Shareholder Redemption Withdrawal Instruction

 

Dear
Mr. Wolf and Ms. Gonzalez:

 

Pursuant to Section 1(k) of the Investment
Management Trust Agreement between Chenghe Acquisition Co. (the “Company”) and Continental Stock Transfer &
Trust Company (the “Trustee”), dated as of             
, 2022 (the “Trust Agreement”), the Company hereby requests that you deliver to the redeeming Public Shareholders
of the Company $             of the principal and interest income earned
on the Property as of the date hereof to a segregated account held by you on behalf of the Beneficiaries for distribution to the Public
Shareholders who have requested redemption of their Ordinary Shares. Capitalized terms used but not defined herein shall have the meanings
set forth in the Trust Agreement.

 

The
Company needs such funds to pay its Public Shareholders who have properly elected to have their Ordinary Shares redeemed by the Company
in connection with a shareholder vote to approve an amendment to the Company’s amended and restated memorandum and articles of
association (A) to modify the substance or timing of the Company’s obligation to allow redemption in connection with our initial
business combination or to redeem 100% of its public Ordinary Shares if the Company has not consummated an initial Business Combination
within such time as is described in the Company’s amended and restated memorandum and articles of association or (B) with respect
to any other material provisions relating to shareholders’ rights or pre-initial Business Combination activity. As such, you are
hereby directed and authorized to transfer (via wire transfer) such funds promptly upon your receipt of this letter.

 

	 	Very
    truly yours,
	 	 
	 	Chenghe
    Acquisition Co.
	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

cc:

 

Morgan
Stanley & Co. LLC

Revere Securities LLC 

US
Tiger Securities, Inc.

 

    

     

    

 

EXHIBIT D 

[Letterhead of Company] 

[Insert date]

 

Continental Stock Transfer & Trust Company

1 State Street, 30th Floor

New York, New York 10004

Attn: Francis Wolf & Celeste Gonzalez

 

	 	Re:	Trust Account Extension Letter

 

Dear Mr. Wolf and Ms. Gonzalez:

 

Pursuant to Section 1(m) of the Investment
Management Trust Agreement between Chenghe Acquisition Co. (the “Company”) and Continental Stock Transfer &
Trust Company (the “Trustee”), dated as of             
, 2022 (the “Trust Agreement”), this is to advise you that the Company is extending the time available to consummate
a Business Combination for an additional three (3) months, from             
to              (the “Extension”).

 

This Extension Letter shall serve as the notice
required with respect to the Extension prior to the Applicable Deadline. Capitalized terms used but not defined herein shall have the
meanings set forth in the Trust Agreement.

 

In accordance with the terms of the Trust Agreement,
the Company hereby authorizes you to deposit $            , which will
be wired to you, into the Trust Account investments upon receipt.

 

	 	Very truly yours,
	 	 
	 	Chenghe Acquisition Co. 
	 	 	 
	 	By:	

	 	 	Name: 
	 	 	Title:

 

cc:

 

Morgan Stanley & Co. LLC

Revere Securities LLC

US Tiger Securities, Inc.

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