Document:

Exhibit 10.4

  

   

  

  
    September 30, 2020

    Altimeter Growth Corp.

    2550 Sand Hill Road

    Suite 150

    Menlo Park, CA 94025

    

    

    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 Altimeter Growth Corp., a Cayman
      Islands exempted company (the “Company”), Citigroup Global
        Markets Inc., Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC, as representatives (the “Representatives”) of the
      several underwriters (the “Underwriters”), relating to an underwritten initial public offering (the “Public Offering”) of 45,000,000 of the Company’s units (plus an additional 5,000,000 units that may be purchased pursuant to the Underwriters’ option to purchase
      additional units, the “Units”), each comprising of one of the Company’s Class A ordinary shares, par value $0.0001 per share (the “Ordinary Shares”), and a fraction of one redeemable warrant (each whole warrant, a “Warrant”). Each Warrant entitles the holder thereof to purchase one Ordinary Share at a price of $11.50 per share, subject to adjustment. The Units will be sold in the Public Offering pursuant to a
      registration statement on Form S-1 and a prospectus (the “Prospectus”) filed by the Company with the U.S. Securities and Exchange Commission
      (the “Commission”). Certain capitalized terms used herein are defined in paragraph
          1 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, Altimeter Growth Holdings (the “Sponsor”) and each of the
      undersigned (each, an “Insider” and, collectively, the “Insiders”) hereby agree with the Company as follows:

    

    

    1. Definitions. As used herein, (i) “Business Combination” shall mean a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities; (ii) “Founder Shares” shall mean the 12,500,000 Class B ordinary shares of the Company, par value $0.0001 per share, outstanding prior to the
      consummation of the Public Offering; (iii) “Private Placement Warrants” shall mean the warrants to purchase Ordinary Shares of the Company
      that will be acquired by the Sponsor for an aggregate purchase price of $11,000,000 (or up to $12,000,000 if the Underwriters’ exercise their option to purchase additional units), or $1.00 per Warrant, in a private placement that shall close
      simultaneously with the consummation of the Public Offering (including Ordinary Shares issuable upon conversion thereof); (iv) “Public Shareholders”
      shall mean the holders of Ordinary Shares included in the Units issued in the Public Offering; (v) “Public Shares” shall mean the Ordinary
      Shares included in the Units issued in the Public Offering; (vi) “Trust Account” shall mean the trust account into which a portion of the net
      proceeds of the Public Offering and the sale of the Private Placement Warrants shall be deposited; (vii) “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 Securities Exchange Act of 1934, as amended, 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); and (viii) “Charter”
      shall mean the Company’s Amended and Restated Memorandum and Articles of Association, as the same may be amended from time to time.

    

    

    2. Representations and Warranties.

     

    

    (a) The Sponsor and each Insider, with respect to itself, herself or himself, represent and warrant to the Company that it, she or he has the full right and power, without
      violating any agreement to which it, she or he is bound (including, without limitation, any non-competition or non-solicitation agreement with any employer or former employer), to enter into this Letter Agreement, as applicable, and to serve as an
      officer of the Company and/or a director on the Company’s Board of Director (the “Board”), as applicable, and each Insider hereby consents to
      being named in the Prospectus, road show and any other materials as an officer and/or director of the Company, as applicable.

    

    

    
      
        

    

    (b) Each Insider represents and warrants, with respect to herself or himself, that such Insider’s biographical information furnished to the Company (including any such
      information included in the Prospectus) is true and accurate in all material respects and does not omit any material information with respect to such Insider’s background. The Insider’s questionnaire furnished to the Company is true and accurate in
      all material respects. Each Insider represents and warrants that such Insider 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; such Insider 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 such Insider is not currently a defendant in any such criminal proceeding; and such Insider 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.

    

    

    3. Business Combination Vote. It is acknowledged and agreed that the Company shall not enter
      into a definitive agreement regarding a proposed Business Combination without the prior consent of the Sponsor. The Sponsor and each Insider, with respect to itself or herself or himself, agrees that if the Company seeks shareholder approval of a
      proposed initial Business Combination, then in connection with such proposed initial Business Combination, it, she or he, as applicable, shall vote all Founder Shares and any Public Shares held by it, her or him, as applicable, in favor of such
      proposed initial Business Combination (including any proposals recommended by the Board in connection with such Business Combination) and not redeem any Public Shares held by it, her or him, as applicable, in connection with such shareholder
      approval.

    

    

    4. Failure to Consummate a Business Combination; Trust Account Waiver.

    

    

    (a) The Sponsor and each Insider hereby agree, with respect to itself, herself or himself, that in the event that the Company fails to consummate its initial Business
      Combination within the time period set forth in 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 10 business days thereafter, redeem 100% of the Public Shares, 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 release to the Company to pay income taxes (less up to $100,000 of interest to pay dissolution expenses), divided by the number of then outstanding Public Shares, which redemption will completely extinguish Public
      Shareholders’ rights as shareholders (including the right to receive further liquidation 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 Board, liquidate and dissolve, 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 agree not to propose any amendment to the Charter (i) that would modify the substance or timing of the Company’s obligation to provide holders of the Public Shares the right to have their shares redeemed in connection with an
      initial Business Combination or to redeem 100% of the Public Shares if the Company does not complete an initial Business Combination within the required time period set forth in the Charter or (ii) with respect to any provision relating to the rights
      of holders of Public Shares unless the Company provides its Public Shareholders with the opportunity to redeem their Public 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 taxes, if any, divided by the number of then-outstanding Public Shares.

    

    

    (b) The Sponsor and each Insider, with respect to itself, herself or himself, acknowledges that it, she or he 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, her or him, if any. The Sponsor and each of the Insiders hereby further waive, with
      respect to any Founder Shares and Public Shares held by it, her or him, as applicable, any redemption rights it, she or he may have in connection with 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 a shareholder vote to approve an amendment to the Charter (i) that would modify the substance or timing of the Company’s obligation to provide holders of the
      Public Shares the right to have their shares redeemed in connection with an initial Business Combination or to redeem 100% of the Public Shares if the Company has not consummated an initial Business Combination within the time period set forth in the
      Charter or (ii) with respect to any provision relating to the rights of holders of Public Shares (although the Sponsor and the Insiders shall be entitled to liquidation rights with respect to any Public Shares they hold if the Company fails to
      consummate a Business Combination within the required time period set forth in the Charter).

    

    

    
      
        

    

    5. Lock-up; Transfer Restrictions.

    

    

    (a) The Sponsor and the Insiders agree that they shall not Transfer any Founder Shares (the “Founder Shares Lock-up”) until the earliest of (A) one year after the completion of an initial Business Combination and (B) the date following the completion of an initial Business Combination on which the Company
      completes a liquidation, merger, share exchange or other similar transaction that results in all of the Company’s shareholders having the right to exchange their Ordinary Shares for cash, securities or other property (the “Founder Shares Lock-up Period”). Notwithstanding the foregoing, if, subsequent to a Business Combination, the closing price of the Ordinary Shares equals or
      exceeds $12.00 per share (as adjusted for share sub-divisions, share capitalizations, share consolidations, reorganizations, recapitalizations and the like) for any 20 trading days within a 30-trading day period commencing at least 120 days after the
      Company’s initial Business Combination, the Founder Shares shall be released from the Founder Shares Lock-up.

    

    

    (b) The Sponsor and Insiders agree that they shall not effectuate any Transfer of Private Placement Warrants or Ordinary Shares underlying such warrants until 30 days after
      the completion of an initial Business Combination.

    

    

    (c) Notwithstanding the provisions set forth in paragraphs 5(a) and (b), Transfers of the Founder Shares, Private Placement Warrants and Ordinary Shares underlying the Private Placement Warrants are permitted (a) to the Company’s officers or directors, any
      affiliates or family members of any of the Company’s officers or directors, any direct or indirect members or partners of the Sponsor or their affiliates, any affiliates of the Sponsor, including to funds affiliated with Altimeter Capital Management,
      LP (“Altimeter”), and to direct or indirect members or partners of funds affiliated with Altimeter or any affiliates thereof, or any
      employees of such affiliates; (b) in the case of an individual, by gift to a member of one of the individual’s immediate family or to a trust, the beneficiary of which is a member of the individual’s immediate family, an affiliate of such person or
      to a charitable organization; (c) in the case of an individual, by virtue of laws of descent and distribution upon death of the individual; (d) in the case of an individual, pursuant to a qualified domestic relations order; (e) by private sales or
      transfers made in connection with the consummation of a Business Combination at prices no greater than the price at which the Founder Shares, Private Placement Warrants or Ordinary Shares, as applicable, were originally purchased; (f) by virtue of
      the Sponsor’s organizational documents upon liquidation or dissolution of the Sponsor; (g) to the Company for no value for cancellation in connection with the consummation of an initial Business Combination, (h) in the event of the Company’s
      liquidation prior to the completion of a Business Combination; or (i) in the event of completion of a liquidation, merger, share exchange or other similar transaction which results in all of the Company’s Public Shareholders having the right to
      exchange their Ordinary Shares for cash, securities or other property subsequent to the completion of an initial Business Combination; provided, however, that in the case of clauses (a) through (i) these permitted transferees must enter into a written agreement agreeing to be bound by these transfer restrictions.

    

    

    (d) 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, Transfer any Units, Ordinary Shares, Warrants or any other securities convertible into, or exercisable or exchangeable for, Ordinary Shares held by it, her or him, as applicable, subject to certain
      exceptions enumerated in Section 5(g) of the Underwriting Agreement.

    

    

    6. Remedies. The Sponsor and each of the Insiders hereby agree and acknowledge that (i) each
      of the Underwriters and the Company would be irreparably injured in the event of a breach by the Sponsor or such Insider of its, her or his obligations, as applicable under paragraphs
          3, 4, 5, 7,
      10 and 11, (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. Payments by the Company. Except as disclosed in the Prospectus, neither the Sponsor nor any
      affiliate of the Sponsor nor any director or officer of the Company nor any affiliate of the officers shall receive from the Company any finder’s fee, reimbursement, consulting fee, monies in respect of any payment 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).

    

    

    
      
        

    

    8. Director and Officer Liability Insurance. The Company will maintain an insurance policy or
      policies providing directors’ and officers’ liability insurance, and the Insiders 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.

    

    

    9. Termination. This Letter Agreement shall terminate on the earlier of (i) the expiration of
      the Founder Shares Lock-up Period and (ii) the liquidation of the Company.

    

    

    10. Indemnification. 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 (except for the Company’s independent
      auditors) or (ii) any prospective target business with which the Company has discussed entering into a transaction 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 for services rendered or products sold to the Company or a Target do not reduce the amount of funds in the Trust Account to below the lesser of (i) $10.00 per Public Share and (ii)
      the actual amount per Public Share held in the Trust Account as of the date of the liquidation of the Trust Account if less than $10.00 per Public Share due to reductions in the value of the trust assets, in each case net of interest that may be
      withdrawn to pay the Company’s tax obligations, (y) shall not apply to any claims by a third party or Target who 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.

    

    

    11. Forfeiture of Founder Shares. To the extent that the Underwriters do not exercise their
      option to additional Units within 45 days from the date of the Prospectus in full (as further described in the Prospectus), the Sponsor agrees to automatically surrender to the Company for no consideration, for cancellation at no cost, an aggregate
      number of Founder Shares so that the number of Founder Shares will equal of 20% of the sum of the total number of Ordinary Shares and Founder Shares outstanding at such time. The Sponsor and Insiders further agree that to the extent that the size of
      the Public Offering is increased or decreased, the Company will effect a share capitalization or a share repurchase, as applicable, with respect to the Founder Shares immediately prior to the consummation of the Public Offering in such amount as to
      maintain the number of Founder Shares at 20% of the sum of the total number of Ordinary Shares and Founder Shares outstanding at such time.

    

    

    12. Entire Agreement. 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.

    

    

    13. Assignment. 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, each of the Insiders and each of their respective successors, heirs, personal representatives and assigns and permitted transferees.

    

    

    14. Counterparts. 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.

    

    

    15. Effect of Headings. The paragraph headings herein are for convenience only and are not
      part of this Letter Agreement and shall not affect the interpretation thereof.

    

    

    
      
        

    

    16. Severability. 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.

    

    

    17. Governing Law. This Letter Agreement shall be governed by and construed and enforced in
      accordance with the laws of the State of New York, without giving effect to conflicts of law principles that would result in the application of the substantive laws of another jurisdiction. 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.

    

    

    18. Notices. 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.

    

    

    [Signature Page Follows]

     

    

    
      
        

    

    
      
        	

              	
                Sincerely,

              
	 	 	 
	 	
                ALTIMETER GROWTH HOLDINGS

              
	 	 	 
	 	
                By:

              	
                /s/ Hab Siam

              
	 	 	
                Name:

              	 Hab Siam

        	 	 	
                Title: 

                

              	General Counsel

        

        

        
          [Signature Page to Letter Agreement]

          

          

        

        
          
            

        

        	 	
                /s/ Brad Gerstner

              
	 	
                Brad Gerstner

              

        

        

        
          [Signature Page to Letter Agreement]

          

          

        

        
          
            

        

        	 	
                /s/ Hab Siam

              
	 	
                Hab Siam

              

        

        

        [Signature Page to Letter Agreement] 

        

        

        
          
            

        

        	 	
                /s/ Richard N. Barton

              
	 	
                Richard N. Barton

              

        

        

        [Signature Page to Letter Agreement] 

        

        

        
          
            

        

        	 	
                /s/ Aishetu Fatima Dozie

              
	 	
                Aishetu Fatima Dozie

              

        

        

        [Signature Page to Letter Agreement] 

        

        

        
          
            

        

        	 	
                /s/ Dev Ittycheria

              
	 	
                Dev Ittycheria

              

        

        

        [Signature Page to Letter Agreement] 

        

        

        
          
            

        

        
          	
                  Acknowledged and Agreed:

                	
                   

                
	

                  	
                   

                
	
                  ALTIMETER GROWTH CORP.

                	
                   

                
	
                   

                	
                   

                	
                   

                
	
                  By:

                	
                  /s/ Hab Siam

                	

                  	
                   

                

          	

                  	
                  Name:

                	
                  Hab Siam

                
	

                  	Title:	
                  Manager

                

        

        

          

        [Signature Page to Letter Agreement]Exhibit 10.5

      

     

      

    
      ALTIMETER GROWTH CORP.

      2550 Sand Hill Road, Suite 150

      Menlo Park, CA 94025

      September 30, 2020

       

        

      Altimeter Growth Holdings

      2550 Sand Hill Road, Suite 150

      Menlo Park, CA 94025

      

      

      Ladies and Gentlemen:

      This letter will confirm our agreement that, commencing on the effective date (the “Effective Date”)
        of the registration statement (the “Registration Statement”) for the initial public offering (the “IPO”) of the securities of
        Altimeter Growth Corp. (the “Company”) and continuing until the earlier of (i) the consummation by the Company of an initial business combination and (ii) the Company’s liquidation (in
        each case as described in the Registration Statement) (such earlier date hereinafter referred to as the “Termination Date”), Altimeter Growth Holdings (the “Sponsor”) shall take steps directly or indirectly to make available to the Company certain office space, secretarial and administrative services as may be required by the Company from time to time, situated at 2550
        Sand Hill Road, Suite 150, Menlo Park, CA 94025 (or any successor location). In exchange therefore, the Company shall pay the Sponsor a sum of $20,000 per month on the Effective Date and continuing monthly thereafter until the Termination Date. The
        Sponsor hereby agrees that it does not have any right, title, interest or claim of any kind (a “Claim”) in or to any monies that may be set aside in a trust account (the “Trust Account”) that may be established upon the consummation of the IPO and hereby irrevocably waives any Claim it may have in the future as a result of, or arising out of, any negotiations,
        contracts or agreements with the Company and will not seek recourse against the Trust Account for any reason whatsoever.

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

      The parties may not assign this letter agreement and any of their rights, interests, or obligations hereunder without the consent of the other party.

      This letter agreement shall be governed by, construed in accordance with, and interpreted pursuant to the laws of the State of New York, without giving
        effect to its choice of laws principles that will apply the laws of another jurisdiction.

      This letter agreement may be executed in one or more counterparts, each of which shall for all purposes be deemed to be an original but all of which
        together shall constitute one and the same agreement. Only one such counterpart signed by the party against whom enforceability is sought needs to be produced to evidence the existence of this letter agreement.

       

        

      [Signature Page Follows]

      

      

      
        
          

      

      
        	 	
                Very truly yours,

              
	 	 
	 	
                ALTIMETER GROWTH CORP.

              
	 	 	 
	 	
                By:

              	
                
                  /s/ Hab Siam

                

              
	 	
                Name:

              	
                Hab Siam

              
	 	
                Title:

              	
                General Counsel

              

      

       

        

      
        	
                AGREED TO AND ACCEPTED BY:

              
	 	 
	
                ALTIMETER GROWH HOLDINGS

              
	 	 	 
	
                By:

              	
                
                  /s/ Hab Siam

                

              	 
	
                Name:

              	
                Hab Siam

              	 
	
                Title:

              	
                Manager

              	 

      

      
         

          

        [Signature Page to Administrative Services Agreement]

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