Document:

Exhibit 10.9

 

SECURITIES PURCHASE ASSIGNMENT AGREEMENT

 

This Securities
Purchase Assignment Agreement (this “Agreement”), dated as of December 13, 2021, is made and entered into by and between Patria
SPAC LLC, a Cayman Islands limited liability exempted company (the “Sponsor”) and José Augusto Gonçalves de
Araujo Teixeira (the “Initial Purchaser”).

 

WHEREAS, Patria
Latin American Opportunity Acquisition Corp. (the “Company”) and the Initial Purchaser entered into that certain Securities
Subscription Agreement, dated as of March 3, 2021, by and between the Initial Purchaser and the Company (the “Subscription Agreement”),
pursuant to which the Company issued and sold 7,187,500 shares of the Company’s Class B ordinary shares, par value US$0.0001 per
share (the “Class B Ordinary Shares”), to the Initial Purchaser;

 

WHEREAS, on the
terms and subject to the conditions set forth in this Agreement, the Initial Purchaser wishes to sell, assign and transfer the Class B
Ordinary Shares to the Sponsor, and the Sponsor wishes to purchase the Class B Ordinary Shares from the Initial Purchaser and be bound
by the terms of this Agreement;

 

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

 

Section 1. Assignment
of Securities. The Initial Purchaser hereby sells, assigns and transfers to the Sponsor, and the Sponsor hereby purchases, the Class
B Ordinary Shares for an aggregate purchase price of US$25,000.00 which was previously paid in connection with the Subscription Agreement
by the Sponsor on behalf of the Initial Purchaser.

 

Section 2. No
Conflicts. Each party represents and warrants that neither the execution and delivery of this Agreement by such party, nor the consummation
or performance by such party of any of the transactions contemplated hereby, will with or without notice or lapse of time, constitute,
create or result in a breach or violation of, default under, loss of benefit or right under or acceleration of performance of any obligation
required under any agreement to which it is a party.

 

Section 3. Representations.
(a) The Sponsor represents and warrants as follows: the Sponsor hereby acknowledges that an investment in the Class B Ordinary Shares
involves certain significant risks. The Sponsor acknowledges and hereby agrees that the Class B Ordinary Shares will not be transferable
under any circumstances unless the Class B Ordinary Shares are registered in accordance with federal and state securities laws or an exemption
under such laws is available. The Sponsor further acknowledges and hereby agrees that the Class B Ordinary Shares are subject to transfer
restrictions and forfeiture provisions as set forth in the Subscription Agreement and the Letter Agreement to be entered into among the
Company, the Sponsor and the other individual parties thereto, and the lock-up provisions therein.

 

The Sponsor further
understands that any certificates evidencing the Class B Ordinary Shares will bear a legend (as provided in the Subscription Agreement)
referring to the foregoing transfer restrictions. The Class B Ordinary Shares are being assigned solely for the Sponsor’s own account,
for investment purposes only, and are not being assigned with a view to or for the resale, distribution, subdivision or fractionalization
thereof; and the Sponsor has no present plans to enter into any contract, undertaking, agreement or arrangement for such resale, distribution,
subdivision

 

or fractionalization. The Sponsor is
able to bear the risk of its investment for an indefinite period of time. The Sponsor has been given the opportunity to (i) ask questions
of and receive answers from the Initial Purchaser and the Company concerning the terms and conditions of the Class B Ordinary Shares,
and the business and financial condition of the Company and (ii) obtain any additional information that the Initial Purchaser

 

    

     

    

possesses or can acquire without unreasonable
effort or expense that is necessary to assist the Sponsor in evaluating the advisability of the receipt of the Class B Ordinary Shares
and an investment in the Company. The Sponsor is not relying on any oral representation made by any person as to the Company or its operations,
financial condition or prospects. The Sponsor is an “accredited investor” as defined in Regulation D promulgated by the Securities
and Exchange Commission under the Securities Act of 1933, as amended (the “Securities Act”).

 

(b) The Initial Purchaser
represents and warrants that he has not engaged in any general solicitation or general advertising within the meaning of Rule 502 under
the Securities Act with respect to the offer and sale of the Class B Ordinary Shares.

 

Section 4. Assignment
of Rights. No party hereto may assign either this Agreement or any of its rights, interests, or obligations hereunder without the
prior written approval of the other party.

 

Section 5. Miscellaneous.
This Agreement, together with the certificates, documents, instruments and writings that are delivered pursuant hereto, constitutes the
entire agreement and understanding of the parties hereto in respect of its subject matter. This Agreement may be executed in two or more
counterparts, each of which will be deemed an original but all of which together will constitute one and the same instrument. This Agreement
may not be amended, modified or waived as to any particular provision, except by a written instrument executed by all parties hereto.

 

Section 6. Governing
Law. This Agreement and the rights and obligations of the parties hereunder shall be construed in accordance with and governed by
the laws of New York applicable to contracts wholly performed within the borders of such state, without giving effect to the conflict
of law principles thereof.

 

[The remainder of this page has been intentionally
left blank.]

 

    

     

    

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

 

	 	Patria SPAC LLC
	 	 
	 	 
	 	By:	/s/ José Augusto Gonçalves de Araújo Teixeira
	 	 	Name:	José Augusto Gonçalves de Araújo Teixeira
	 	 	Title:	Director

 

 

	 	
    Patria Latin American Opportunity Acquisition Corp.

    

	 	 
	 	 
	 	By:	/s/ José Augusto Gonçalves de Araújo Teixeira
	 	 	Name:	José Augusto Gonçalves de Araújo Teixeira
	 	 	Title:	CEO

 

 

	 	José Augusto Gonçalves de Araújo Teixeira, as Initial Purchaser
	 	By:	/s/ José Augusto Gonçalves de Araújo Teixeira
	 	 	Name:	José Augusto Gonçalves de Araújo Teixeira
	 	 	Title:	CEO

 

 

[Signature Page to Securities Assignment Agreement
– Sponsor]Exhibit 10.10

 

PATRIA LATIN AMERICAN OPPORTUNITY ACQUISITION
CORP.

18 Forum Lane,
3rd floor, 

Camana Bay, PO
Box 757, KY1-9006

Grand Cayman,
Cayman Islands

 

Patria SPAC LLC

18 Forum Lane, 3rd floor,

Camana Bay, PO Box 757, KY1-9006

Grand Cayman, Cayman Islands

 

Re: Administrative Services Agreement

 

Ladies and Gentlemen:

 

This letter agreement (this “Agreement”)
by and between Patria Latin American Opportunity Acquisition Corp. (the “Company”) and Patria SPAC LLC (the
“Sponsor”), dated as of the date hereof, will confirm our agreement that, commencing on the date the securities
of the Company are first listed on The Nasdaq Capital Market (the “Listing Date”), pursuant to a Registration
Statement on Form S-1 and prospectus filed with the U.S. Securities and Exchange Commission (the “Registration Statement”)
and continuing until the earlier of the consummation by the Company of an initial business combination or the Company’s liquidation
(in each case as described in the Registration Statement) (such earlier date hereinafter referred to as the “Termination Date”):

 

1.       The
Sponsor shall make available, or cause to be made available, to the Company, at 18 Forum Lane, 3rd floor, Camana Bay, PO Box 757,
KY1-9006, Grand Cayman, Cayman Islands (or any successor location), office space and secretarial and administrative services as may be
reasonably required by the Company. In exchange therefor, the Company shall pay the Sponsor up to $10,000 per month on the Listing Date
and continuing monthly thereafter until the Termination Date; and

 

2.       The
Sponsor hereby irrevocably waives any and all right, title, interest, causes of action and claims of any kind as a result of, or arising
out of, this Agreement (each, a “Claim”) in or to, and any and all right to seek payment of any amounts due
to it out of, the trust account established for the benefit of the public shareholders of the Company and into which substantially all
of the proceeds of the Company’s initial public offering will be deposited (the “Trust Account”), and
hereby irrevocably waives any Claim it may have in the future as a result of, or arising out of, this Agreement, which Claim would reduce,
encumber or otherwise adversely affect the Trust Account or any monies or other assets in the Trust Account, and further agrees not to
seek recourse, reimbursement, payment or satisfaction of any Claim against the Trust Account or any monies or other assets in the Trust
Account for any reason whatsoever.

 

This Agreement constitutes the entire agreement
and understanding of the parties hereto in respect of its subject matter and supersedes all prior understandings, agreements, or representations
by or among the parties hereto, written or oral, to the extent they relate in any way to the subject matter hereof or the transactions
contemplated hereby.

 

This Agreement may not be amended, modified or
waived as to any particular provision, except by a written instrument executed by the parties hereto.

 

No party hereto may assign either this Agreement
or any of its rights, interests, or obligations hereunder without the prior written approval of the other party. 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 Agreement shall be governed by and construed
in accordance with the laws of the State of New York for agreements made and to be wholly performed within such state, without regards
to the conflicts of laws principles thereof.

 

[Signature Page Follows]

 

    

     

    

	 	
    Very truly yours,

     

    PATRIA LATIN AMERICAN OPPORTUNITY ACQUISITION CORP.

    

	 	 
	 	 
	 	By:	 
	 	 	Name:	José Augusto Gonçalves de Araújo Teixeira
	 	 	Title:	CEO

 

  

	
    AGREED AND ACCEPTED BY:

     

    PATRIA SPAC LLC

    
	 
	 	 
	 	 
	 	 
	By:	 	 
	 	Name:	José Augusto Gonçalves de Araújo Teixeira	 
	 	Title:	Director	 

 

  

 

[Signature Page to Administrative Services Agreement]

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