Document:

Exhibit 10.4

 

Execution Version

 

PRIVATE PLACEMENT WARRANTS
PURCHASE AGREEMENT

 

THIS PRIVATE PLACEMENT WARRANTS PURCHASE AGREEMENT,
dated as of January 24, 2022 (as it may from time to time be amended, this “Agreement”), is entered into
by and between LatAmGrowth SPAC, a Cayman Islands exempted company (the “Company”), and LatAmGrowth
Sponsor LLC, a Delaware limited liability company (the “Purchaser”).

 

WHEREAS, the
Company intends to consummate an initial public offering of the Company’s units (the “Public Offering”),
each unit consisting of one Class A Ordinary Share, par value $0.0001 per share, of the Company (an “Ordinary Share”),
and one-half of one redeemable warrant. Each whole warrant entitles the holder to purchase one Ordinary Share at an exercise price of
$11.50 per Ordinary Share. The Purchaser has agreed to purchase an aggregate of 7,900,000 warrants (or 8,680,000 in the aggregate if the
over-allotment option in connection with the Public Offering is exercised in full) (the “Private Placement Warrants”),
each Private Placement Warrant entitling the holder to purchase one Ordinary Share at an exercise price of $11.50 per Share.

 

NOW THEREFORE,
in consideration of the mutual promises contained in this Agreement and other good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, the parties to this Agreement hereby, intending legally to be bound, agree as follows:

 

AGREEMENT

 

Section 1. Authorization, Purchase and Sale; Terms of
the Private Placement Warrants.

 

A.   
Authorization of the Private Placement Warrants. The Company has duly authorized the issuance and sale of the Private Placement
Warrants to the Purchaser.

 

 B.    Purchase and Sale of the Private Placement Warrants.

 

(i)   
On the date of the consummation of the Public Offering or on such earlier time and date as may be mutually agreed by the Purchaser
and the Company (the “Initial Closing Date”), the Company shall issue and sell to the Purchaser, and the Purchaser
shall purchase from the Company, an aggregate of 7,900,000 Private Placement Warrants at a price of $1.00 per warrant for an aggregate
purchase price of $7,900,000 (the “Purchase Price”), which shall be paid by wire transfer of immediately available
funds to the Company at least one business day prior to the Initial Closing Date in accordance with the Company’s wiring instructions.
On the Initial Closing Date, upon the payment by the Purchaser of the Purchase Price, the Company, at its option, shall deliver a certificate
evidencing the Private Placement Warrants purchased by the Purchaser on such date duly registered in the Purchaser’s name to the
Purchaser, or effect such delivery in book-entry form.

 

(ii)   
On the date of the consummation of the closing of the over-allotment option in connection with the Public Offering or on such earlier
time and date as may be mutually agreed by the Purchaser and the Company (each such date, an “Over-allotment Closing Date”,
and each Over-allotment Closing Date (if any) and the Initial Closing Date being sometimes referred to herein as a “Closing
Date”), the Company shall issue and sell to the Purchaser, and the Purchaser shall purchase from the Company, up to an aggregate
of 780,000 additional Private Placement Warrants at a price of $1.00 per warrant for an aggregate purchase price of up to $780,000 (if
the over-allotment option in connection with the Public Offering is exercised in full) (the “Over-allotment Purchase Price”).
The Purchaser shall pay the Over-allotment Purchase Price by wire transfer of immediately available funds to the Company at least one
business day prior to the Over-Allotment Closing Date in accordance with the Company’s wiring instructions. On the Over-allotment
Closing Date, upon the payment by the Purchaser of the Over-allotment Purchase Price, the Company shall, at its option, deliver a certificate
evidencing the Private Placement Warrants purchased by the Purchaser on such date duly registered in the Purchaser’s name to the
Purchaser, or effect such delivery in book-entry form.

 

     

     

    

 

 C.    Terms of the Private Placement Warrants.

 

(i)   
 Each Private Placement Warrant shall have the terms set forth in a Warrant Agreement to be entered into by the Company and a warrant
agent in connection with the Public Offering (a “Warrant Agreement”).

 

(ii)   
At the time of the closing of the Public Offering, the Company and the Purchaser shall enter into a registration rights agreement
(the “Registration Rights Agreement”) pursuant to which the Company will grant certain registration rights to
the Purchaser relating to the Private Placement Warrants and the Shares underlying the Private Placement Warrants.

 

Section
2. Representations and Warranties of the Company. As a material inducement to the Purchaser to enter into this Agreement and purchase
the Private Placement Warrants, the Company hereby represents and warrants to the Purchaser (which representations and warranties shall
survive the Closing Date) that:

 

A.   
Incorporation and Corporate Power. The Company is an exempted company duly incorporated, validly existing and in good standing
under the laws of the Cayman Islands and is qualified to do business in every jurisdiction in which the failure to so qualify would reasonably
be expected to have a material adverse effect on the financial condition, operating results or assets of the Company. The Company possesses
all requisite corporate power and authority necessary to carry out the transactions contemplated by this Agreement and the Warrant Agreement.

 

 B.    Authorization; No Breach.

 

(i)   
The execution, delivery and performance of this Agreement and the Private Placement Warrants have been duly authorized by the Company
as of the Closing Date. This Agreement constitutes the valid and binding obligation of the Company, enforceable in accordance with its
terms. Upon issuance in accordance with, and payment pursuant to, the terms of the Warrant Agreement and this Agreement, the Private Placement
Warrants will constitute valid and binding obligations of the Company, enforceable in accordance with their terms as of the Closing Date.

 

(ii)   
The execution and delivery by the Company of this Agreement and the Private Placement Warrants, the issuance and sale of the Private
Placement Warrants, the issuance of the Shares upon exercise of the Private Placement Warrants and the fulfillment of, and compliance
with, the respective terms hereof and thereof by the Company, do not and will not as of the Closing Date (a) conflict with or result in
a breach of the terms, conditions or provisions of, (b) constitute a default under, (c) result in the creation of any lien, security interest,
charge or encumbrance upon the Company’s equity or assets under, (d) result in a violation of, or (e) require any authorization,
consent, approval, exemption or other action by or notice or declaration to, or filing with, any court or administrative or governmental
body or agency pursuant to the Amended and Restated Memorandum and Articles of Association of the Company in effect on the date hereof
or as may be amended prior to completion of the contemplated Public Offering, or any material law, statute, rule or regulation to which
the Company is subject, or any agreement, order, judgment or decree to which the Company is subject, except for any filings required after
the date hereof under federal or state securities laws.

 

C.   
Title to Securities. Upon issuance in accordance with, and payment pursuant to, the terms hereof and the Warrant Agreement,
and upon registration in the Company’s register of members, the Shares issuable upon exercise of the Private Placement Warrants
will be duly and validly issued, fully paid and nonassessable. Upon issuance in accordance with, and payment pursuant to, the terms hereof
and the Warrant Agreement, and upon registration in the Company’s register of members, the Purchaser will have good title to the
Private Placement Warrants and the Shares issuable upon exercise of such Private Placement Warrants, free and clear of all liens, claims
and encumbrances of any kind, other than (i) transfer restrictions hereunder and under the other agreements contemplated hereby, (ii)
transfer restrictions under federal and state securities laws, and (iii) liens, claims or encumbrances imposed due to the actions of the
Purchaser.

 

D.   
Governmental Consents. No permit, consent, approval or authorization of, or declaration to or filing with, any governmental
authority is required in connection with the execution, delivery and performance by the Company of this Agreement or the consummation
by the Company of any other transactions contemplated hereby.

 

     

     

    

 

E.   
 Regulation D Qualification. Neither the Company nor, to its knowledge, any of its affiliates, members, officers, directors
or beneficial shareholders of 20% or more of its outstanding securities, has experienced a disqualifying event as enumerated pursuant
to Rule 506(d) of Regulation D under the Securities Act of 1933, as amended (the “Securities Act”).

 

Section
3. Representations and Warranties of the Purchaser. As a material inducement to the Company to enter into this Agreement and issue
and sell the Private Placement Warrants to the Purchaser, the Purchaser hereby represents and warrants to the Company (which representations
and warranties shall survive each Closing Date) that:

 

A.   
Organization and Requisite Authority. The Purchaser possesses all requisite power and authority necessary to carry out the
transactions contemplated by this Agreement.

 

 B. Authorization; No Breach.

 

(i)   
This Agreement constitutes a valid and binding obligation of the Purchaser, enforceable in accordance with its terms, subject to
bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and other laws of general applicability relating to or affecting
creditors’ rights and to general equitable principles (whether considered in a proceeding in equity or law).

 

(ii)   
The execution and delivery by the Purchaser of this Agreement and the fulfillment of and compliance with the terms hereof by the
Purchaser does not and shall not as of each Closing Date conflict with or result in a breach by the Purchaser of the terms, conditions
or provisions of any agreement, instrument, order, judgment or decree to which the Purchaser is subject.

 

 C.    Investment Representations.

 

(i)   
The Purchaser is acquiring the Private Placement Warrants and, upon exercise of the Private Placement Warrants, the Shares issuable
upon such exercise (collectively, the “Securities”), for the Purchaser’s own account, for investment purposes
only and not with a view towards, or for resale in connection with, any public sale or distribution thereof.

 

(ii)   
The ultimate parent of the Purchaser is an “accredited investor” as such term is defined in Rule 501(a)(3) of Regulation
D, and the ultimate parent of the Purchaser has not experienced a disqualifying event as enumerated pursuant to Rule 506(d) of Regulation
D under the Securities Act.

 

(iii)   
The Purchaser understands that the Securities are being offered and will be sold to it in reliance on specific exemptions from
the registration requirements of the United States federal and state securities laws and that the Company is relying upon the truth and
accuracy of, and the Purchaser’s compliance with, the representations and warranties of the Purchaser set forth herein in order
to determine the availability of such exemptions and the eligibility of the Purchaser to acquire such Securities.

 

(iv)   
The Purchaser did not decide to enter into this Agreement as a result of any general solicitation or general advertising within
the meaning of Rule 502(c) under the Securities Act.

 

(v)   
The Purchaser has been furnished with all materials relating to the business, finances and operations of the Company and materials
relating to the offer and sale of the Securities which have been requested by the Purchaser. The Purchaser has been afforded the opportunity
to ask questions of the executive officers and directors of the Company. The Purchaser understands that its investment in the Securities
involves a high degree of risk and it has sought such accounting, legal and tax advice as it has considered necessary to make an informed
investment decision with respect to the acquisition of the Securities.

 

(vi)   
The Purchaser understands that no United States federal or state agency or any other government or governmental agency has passed
on or made any recommendation or endorsement of the Securities or the fairness or suitability of the investment in the Securities by the
Purchaser nor have such authorities passed upon or endorsed the merits of the offering of the Securities.

 

     

     

    

 

(vii)    
The Purchaser understands that: (a) the Securities have not been and are not being registered under the Securities Act or any state
securities laws, and may not be offered for sale, sold, assigned or transferred unless (1) subsequently registered thereunder or (2)
sold in reliance on an exemption therefrom; and (b) except as specifically set forth in the Registration Rights Agreement, neither
the Company nor any other person is under any obligation to register the Securities under the Securities Act or any state securities
laws or to comply with the terms and conditions of any exemption thereunder. While the Purchaser understands that Rule 144 is not
available for the resale of securities initially issued by shell companies (other than business combination related shell companies)
or issuers that have been at any time previously a shell company, the Purchaser understands that Rule 144 includes an exception to
this prohibition if the following conditions are met: (i) the issuer of the securities that was formerly a shell company has ceased
to be a shell company; (ii) the issuer of the securities is subject to the reporting requirements of Section 13 or 15(d) of the
Securities Exchange Act of 1934, as amended (the “Exchange Act”); (iii) the issuer of the securities has
filed all Exchange Act reports and material required to be filed, as applicable, during the preceding 12 months (or such shorter
period that the issuer was required to file such reports and materials), other than Form 8-K reports; and (iv) at least one year has
elapsed from the time that the issuer filed current Form 10 type information with the SEC reflecting its status as an entity that is
not a shell company.

 

(viii)   
The Purchaser has such knowledge and experience in financial and business matters, knows of the high degree of risk associated
with investments in the securities of companies in the development stage such as the Company, is capable of evaluating the merits and
risks of an investment in the Securities and is able to bear the economic risk of an investment in the Securities in the amount contemplated
hereunder for an indefinite period of time. The Purchaser has adequate means of providing for its current financial needs and contingencies
and will have no current or anticipated future needs for liquidity which would be jeopardized by the investment in the Securities. The
Purchaser can afford a complete loss of its investment in the Securities.

 

Section
4. Conditions of the Purchaser’s Obligations. The obligation of the Purchaser to purchase and pay for the Private Placement
Warrants is subject to the fulfillment, on or before each Closing Date, of each of the following conditions:

 

A.   
Representations and Warranties. The representations and warranties of the Company contained in Section 2 shall be true and
correct at and as of such Closing Date as though then made.

 

B.   
Performance. The Company shall have performed and complied with all agreements, obligations and conditions contained in
this Agreement that are required to be performed or complied with by it on or before such Closing Date.

 

C.   
No Injunction. No litigation, statute, rule, regulation, executive order, decree, ruling or injunction shall have been enacted,
entered, promulgated or endorsed by or in any court or governmental authority of competent jurisdiction or any self-regulatory organization
having authority over the matters contemplated hereby, which prohibits the consummation of any of the transactions contemplated by this
Agreement or the Warrant Agreement.

 

D.   
Warrant Agreement. The Company shall have entered into the Warrant Agreement with a warrant agent on terms satisfactory
to the Purchaser.

 

Section
5. Conditions of the Company’s Obligations. The obligations of the Company to the Purchaser under this Agreement are subject
to the fulfillment, on or before each Closing Date, of each of the following conditions:

 

A.   
Representations and Warranties. The representations and warranties of the Purchaser contained in Section 3 shall be true
and correct at and as of such Closing Date as though then made.

 

B.   
Performance. The Purchaser shall have performed and complied with all agreements, obligations and conditions contained in
this Agreement that are required to be performed or complied with by the Purchaser on or before such Closing Date.

 

     

     

    

 

C.   
 Corporate Consents. The Company shall have obtained the consent of its board of directors authorizing the execution, delivery
and performance of this Agreement and the Warrant Agreement and the issuance and sale of the Private Placement Warrants hereunder.

 

D.   
No Injunction. No litigation, statute, rule, regulation, executive order, decree, ruling or injunction shall have been enacted,
entered, promulgated or endorsed by or in any court or governmental authority of competent jurisdiction or any self-regulatory organization
having authority over the matters contemplated hereby, which prohibits the consummation of any of the transactions contemplated by this
Agreement or the Warrant Agreement.

 

E.   
Warrant Agreement. The Company shall have entered into the Warrant Agreement with a warrant agent on terms satisfactory
to the Company.

 

Section
6. Termination. This Agreement may be terminated at any time after August 31, 2021 upon the election by either the Company or the
Purchaser upon written notice to the other party if the closing of the Public Offering does not occur prior to such date.

 

Section
7. Survival of Representations and Warranties. All of the representations and warranties contained herein shall survive each Closing
Date.

 

Section
8. Definitions. Terms used but not otherwise defined in this Agreement shall have the meaning assigned to such terms in the registration
statement on Form S-1 the Company plans to file with the U.S. Securities and Exchange Commission, under the Securities Act.

 

Section 9. Miscellaneous.

 

A.   
Successors and Assigns. Except as otherwise expressly provided herein, all covenants and agreements contained in this Agreement
by or on behalf of any of the parties hereto shall bind and inure to the benefit of the respective successors of the parties hereto whether
so expressed or not. Notwithstanding the foregoing or anything to the contrary herein, the parties may not assign this Agreement, other
than assignments by the Purchaser to affiliates thereof (including, without limitation one or more of its members).

 

B.   
Severability. Whenever possible, each provision of this Agreement shall be interpreted in such manner as to be effective
and valid under applicable law, but if any provision of this Agreement is held to be prohibited by or invalid under applicable law, such
provision shall be ineffective only to the extent of such prohibition or invalidity, without invalidating the remainder of this Agreement.

 

C.   
Counterparts. This Agreement may be executed simultaneously in two or more counterparts, none of which need contain the
signatures of more than one party, but all such counterparts taken together shall constitute one and the same agreement.

 

D.   
Descriptive Headings; Interpretation. The descriptive headings of this Agreement are inserted for convenience only and do
not constitute a substantive part of this Agreement. The use of the word “including” in this Agreement shall be by way of
example rather than by limitation.

 

E.   
Governing Law. This Agreement shall be deemed to be a contract made under the laws of the State of New York and for all
purposes shall be construed in accordance with the internal laws of the State of New York.

 

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

 

     

     

    

 

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

 

	 	COMPANY:
	 	 
	 	LATAMGROWTH SPAC
	 	 
	 	By:  	 /s/ Gerard Cremoux
	 	 	Name: Gerard Cremoux
	 	 	Title: Chief Executive Officer, Chief Financial Officer & Director
	 	
	 	PURCHASER:
	 	 
	 	LATAMGROWTH SPONSOR LLC
	 	 
	 	By:  	/s/ Gerard Cremoux
	 	 	Name: Gerard Cremoux
	 	 	Title: Chief Executive Officer

 

[Signature Page to Private Placement Warrants Purchase
Agreement]Exhibit 10.5

 

Execution Version

 

FORWARD PURCHASE AGREEMENT

 

This Forward Purchase Agreement (this
“Agreement”) is entered into as of January 24, 2022, by and between LatAmGrowth SPAC, a blank check company
incorporated as a Cayman Islands exempted company (the “Company”), and SouthLight Capital LLC (the “Purchaser”).

 

Recitals

 

WHEREAS, the Company was incorporated
for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination
with one or more businesses or entities (a “Business Combination”);

 

WHEREAS,
the Company has filed with the U.S. Securities and Exchange Commission (the “SEC”) a registration statement
on Form S-1 (the “Registration Statement”) for its initial public offering (“IPO”)
of 13,000,000 Units (or 14,950,000 if the underwriters’ over-allotment option (the “IPO Option”) is exercised
in full) (the “Public Units”) at a price of $10.00 per Public Unit, each Public Unit comprised of one of the
Company’s Class A ordinary shares, par value $0.0001 per share (the “Class A Shares,” and the Class A
Shares included in the Public Units, the “Public Shares”), and one-half of one redeemable warrant, where each
whole redeemable warrant is exercisable to purchase one Class A Share at an exercise price of $11.50 per share (the “Warrants,”
and the Warrants included in the Public Units, the “Public Warrants”);

 

WHEREAS,
the Company’s sponsor, LatAmGrowth Sponsor LLC, a Delaware limited liability company (“Sponsor”),
has agreed to purchase an aggregate of 7,900,000 private placement warrants (or 8,680,000 private placement warrants if the IPO
Option is exercised in full) at a price of $1.00 per whole warrant in a private placement that will close contemporaneously with the
closing of the IPO (the “Private Placement Warrants”);

 

WHEREAS, following the closing
of the IPO (the “IPO Closing”), the Company will seek to identify and consummate a Business Combination;

 

WHEREAS, the parties wish to enter
into this Agreement, pursuant to which concurrently with the closing of the Company’s initial Business Combination (the “Business
Combination Closing”), the Company shall issue and sell to the Purchaser, and the Purchaser shall purchase from the Company,
on a private placement basis, the number of units (the “Forward Purchase Units”) determined pursuant to Sections
1(a)(ii), (iii) and (iv) hereof, each comprised of one Class A Share (each, a “Forward Purchase Share”) and
one-half of one warrant (each, a “Forward Purchase Warrant”), on the terms and conditions set forth herein (the
Forward Purchase Units, the Forward Purchase Shares, the Forward Purchase Warrants underlying the Forward Purchase Units and the Class
A Shares underlying the Forward Purchase Warrants, the “Forward Purchase Securities”);

 

WHEREAS, proceeds from the IPO and
the sale of the Private Placement Warrants in an aggregate amount equal to 102% of the gross proceeds from the IPO will be deposited into
a trust account for the benefit of the holders of the Public Shares (the “Trust Account”), as described in the
Registration Statement; and

 

WHEREAS, the amounts available
to the Company from the Trust Account (after giving effect to any redemptions of Public Shares) and any other equity or debt financing
obtained by the Company in connection with the Business Combination (the “Available Cash”), together with the
proceeds from the sale of the Forward Purchase Units, will be used to satisfy the cash requirements of the Business Combination, including
funding the purchase price and paying expenses and retaining amounts specified in the definitive agreement for the Business Combination
(the “Definitive Agreement”) to be retained for use by the post-Business Combination company for working capital
or other purposes (the “Cash Requirements”);

 

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 agree as follows:

 

     

     

    

 

Agreement

 

 1. Sale and Purchase.

 

 (a) Forward Purchase Units.

 

(i) 
Subject to Sections 1(a)(ii), (iii) and (iv), the Company shall issue and sell to the Purchaser, and the Purchaser shall purchase
from the Company, up to a maximum of 4,000,000 Forward Purchase Units (the “Maximum Units”) for a purchase price
of $10.00 per Forward Purchase Unit (the “Forward Purchase Price”), or up to a maximum of $40,000,000 in the
aggregate. Each Forward Purchase Warrant will have the same terms as each Private Placement Warrant, and will be subject to the terms
and conditions of the Warrant Agreement to be entered into between the Company and Continental Stock Transfer & Trust Company, as
Warrant Agent, in connection with the IPO, mutatis mutandis.

 

(ii) 
The number of Forward Purchase Units to be issued and sold by the Company and purchased by the Purchaser hereunder shall be determined
as follows:

(A) 
As soon as reasonably practicable, but in no event less than ten (10) Business Days prior to the Company’s entry into the
Definitive Agreement, the Company shall provide the Purchaser with notice (the “Initial Company Notice”) of
the number of Forward Purchase Units that it desires the Purchaser to purchase pursuant to this Agreement, which shall be equal to its
good faith estimate of that number which, after payment of the aggregate Forward Purchase Price by the Purchaser, will result in gross
proceeds to the Company equal to the amount of funds necessary for the Company to satisfy the Cash Requirements less the Available Cash;
provided, however, that such number shall in no event exceed the Maximum Units. Following delivery of the Initial Company Notice, the
Company shall provide the Purchaser with such other information as the Purchaser (or any applicable Transferee pursuant to Section
4(b) hereof) may reasonably request so that the Purchaser (or such Transferee) may seek the approval of its investment committee to
consummate the purchase of the Forward Purchase Units hereunder.

 

(B) 
Within five (5) Business Days after receipt of the Initial Company Notice, the Purchaser shall provide the Company with notice
(the “Initial Purchaser Notice”) of the decision of its investment committee as to the maximum number of Forward Purchase
Units it wishes to purchase pursuant to this Agreement, if any, which shall not exceed the Maximum Units, which notice shall constitute
the binding obligation of the Purchaser to purchase such number of Forward Purchase Units, subject to the terms and conditions of this
Agreement.

 

(iii) 
At least two (2) Business Days before the Business Combination Closing, the Company shall provide the Purchaser with an updated
notice (the “Final Company Notice”) including:

 

(A) 
its determination, based on the actual number of Public Shares validly submitted for redemption or other changes in the Cash Requirements,
of the number of Forward Purchase Units that it requires the Purchaser to purchase pursuant to this Agreement;

 

 (B) the anticipated date of the Business Combination Closing; and

 

 (C) instructions for wiring the Forward Purchase Price.

 

(iv) 
In the event that any Definitive Agreement is terminated or the transaction contemplated thereby is abandoned, the procedures completed
pursuant to clause (ii) and (iii) above to determine the number of Forward Purchase Units to be purchased by the Purchaser in connection
with such Definitive Agreement shall be disregarded and the provisions of clause (ii) and clause (iii) above must be separately completed
for each Definitive Agreement entered into by the Company.

 

    2

     

    

 

(v)  The
closing of the sale of Forward Purchase Units (the “Forward Closing”) shall be held on the same date and
concurrently with the Business Combination Closing (such date being referred to as the “Forward Closing
Date”). At least one (1) Business Day prior to the Forward Closing Date, the Purchaser shall deliver to the Company
the Forward Purchase Price for its Forward Purchase Units by wire transfer of U.S. dollars in immediately available funds to the
account specified by the Company in such notice to be held in escrow until the Forward Closing. Immediately prior to the Forward
Closing on the Forward Closing Date, (i) the Forward Purchase Price shall be released from escrow automatically and without further
action by the Company or the Purchaser, and (ii) upon such release, the Company shall issue the Forward Purchase Units to the
Purchaser in book-entry form, free and clear of any liens or other restrictions whatsoever (other than those arising under state or
federal securities laws), registered in the name of the Purchaser (or its nominee in accordance with its delivery instructions), or
to a custodian designated by the Purchaser, as applicable. In the event the Business Combination Closing does not occur within five
(5) Business Days of the date scheduled for closing, the Forward Closing shall not occur and the Company shall promptly (but not
later than one (1) Business Day thereafter) return the Forward Purchase Price to the Purchaser. For purposes of this Agreement,
“Business Day” means any day, other than a Saturday or a Sunday, that is neither a legal holiday nor a day
on which banking institutions are generally authorized or required by law or regulation to close in the City of New York, New
York.

 

(b) 
Legends. Each register and book entry for the Forward Purchase Securities shall contain a notation, and each certificate
(if any) evidencing the Forward Purchase Securities shall be stamped or otherwise imprinted with a legend, in substantially the following
form:

 

“THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN
REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR THE SECURITIES LAWS OF ANY STATE OR OTHER JURISDICTION, AND MAY NOT BE TRANSFERRED
IN VIOLATION OF SUCH ACT AND LAWS. THE SALE, PLEDGE, HYPOTHECATION, OR TRANSFER OF THE SECURITIES REPRESENTED HEREBY ARE SUBJECT TO THE
TERMS AND CONDITIONS OF A CERTAIN FORWARD PURCHASE AGREEMENT BY AND BETWEEN THE HOLDER AND THE COMPANY. COPIES OF SUCH AGREEMENT MAY BE
OBTAINED UPON WRITTEN REQUEST TO THE SECRETARY OF THE COMPANY.”

 

2. 
Representations and Warranties of each Purchaser. The Purchaser represents and warrants to the Company as follows, as of
the date hereof:

 

(a) 
Organization and Power. The Purchaser is duly organized, validly existing, and in good standing under the laws of the jurisdiction
of its formation and has all requisite power and authority to carry on its business as presently conducted and as proposed to be conducted.

 

(b)  Authorization.
The Purchaser has full power and authority to enter into this Agreement. This Agreement, when executed and delivered by the
Purchaser, will constitute the valid and legally binding obligation of the Purchaser, enforceable against the Purchaser in
accordance with its terms, except (i) as limited by applicable bankruptcy, insolvency, reorganization, moratorium, fraudulent
conveyance and any other laws of general application affecting enforcement of creditors’ rights generally, (ii) as limited by
laws relating to the availability of specific performance, injunctive relief or other equitable remedies, or (iii) to the extent the
indemnification provisions contained in the Registration Rights (as defined below) may be limited by applicable federal or state
securities laws.(c) Governmental Consents and Filings. No consent, approval, order or authorization of, or registration,
qualification, designation, declaration or filing with, any federal, state or local governmental authority is required on the part
of the Purchaser in connection with the consummation of the transactions contemplated by this Agreement.

 

(d) 
Compliance with Other Instruments. The execution, delivery and performance by the Purchaser of this Agreement and the consummation
by the Purchaser of the transactions contemplated by this Agreement will not result in any violation or default (i) of any provisions
of its organizational documents, (ii) of any instrument, judgment, order, writ or decree to which it is a party or by which it is bound,
(iii) under any note, indenture or mortgage to which it is a party or by which it is bound, (iv) under any lease, agreement, contract
or purchase order to which it is a party or by which it is bound or (v) of any provision of federal or state statute, rule or regulation
applicable to the Purchaser, in each case (other than clause (i)), which would have a material adverse effect on the Purchaser or its
ability to consummate the transactions contemplated by this Agreement.

 

    3

     

    

 

(e) 
Purchase Entirely for Own Account. This Agreement is made with the Purchaser in reliance upon the Purchaser’s representations
to the Company, which by the Purchaser’s execution of this Agreement, the Purchaser hereby confirms, that the Forward Purchase
Securities to be acquired by the Purchaser will be acquired for investment for the Purchaser’s own account, not as a nominee or
agent, and not with a view to the resale or distribution of any part thereof in violation of any state or federal securities laws, and
that the Purchaser has no present intention of selling, granting any participation in, or otherwise distributing the same in violation
of law. By executing this Agreement, the Purchaser further represents that the Purchaser does not presently have any contract, undertaking,
agreement or arrangement with any Person to sell, transfer or grant participations to such Person or to any third Person, with respect
to any of the Forward Purchase Securities. For purposes of this Agreement, “Person” means an individual, a
limited liability company, a partnership, a joint venture, a corporation, a trust, an unincorporated organization, any other entity or
any government or any department or agency thereof.

 

(f) 
Disclosure of Information. The Purchaser has had an opportunity to discuss the Company’s business, management, financial
affairs and the terms and conditions of the offering of the Forward Purchase Units, as well as the terms of the Company’s proposed
IPO, with the Company’s management.

 

(g) 
Restricted Securities. The Purchaser understands that the offer and sale of the Forward Purchase Units to the Purchaser
has not been, and will not be, registered under the Securities Act of 1933, as amended (the “Securities Act”),
by reason of a specific exemption from the registration provisions of the Securities Act which depends upon, among other things, the bona
fide nature of the investment intent and the accuracy of the Purchaser’s representations as expressed herein. The Purchaser understands
that the Forward Purchase Securities are “restricted securities” under applicable U.S. federal and state securities laws and
that, pursuant to these laws, the Purchaser must hold the Forward Purchase Securities indefinitely unless they are registered with the
SEC and qualified by state authorities, or an exemption from such registration and qualification requirements is available. The Purchaser
acknowledges that the Company has no obligation to register or qualify the Forward Purchase Securities, or any Class A Shares into which
the Forward Purchase Securities may be converted or exercised, for resale, except for the Registration Rights. The Purchaser further acknowledges
that if an exemption from registration or qualification is available, it may be conditioned on various requirements including, but not
limited to, the time and manner of sale, the holding period for the Forward Purchase Securities, and on requirements relating to the Company
which are outside of the Purchaser’s control, and which the Company is under no obligation and may not be able to satisfy.

 

(h) 
No Public Market. The Purchaser understands that no public market now exists for the Forward Purchase Securities, and that
the Company has made no assurances that a public market will ever exist for the Forward Purchase Securities.

 

(j)  Accredited Investor.
The Purchaser is an accredited investor as defined in Rule 501(a) of Regulation D promulgated under the Securities Act.

 

3. 
Representations and Warranties of the Company. The Company represents and warrants to the Purchaser as follows:

 

(a) 
Incorporation and Corporate Power. The Company is a blank check company incorporated as a Cayman Islands exempted company
and has all requisite corporate power and authority to carry on its business as presently conducted and as proposed to be conducted. The
Company has no subsidiaries.

 

 (b) Capitalization. On the date hereof, the authorized share capital of the Company consists of:

 

(i) 200,000,000 Class A ordinary shares, par value $0.0001, none of which are issued and outstanding.

 

(ii) 
20,000,000 Class B ordinary shares, par value $0.0001 per share (the “Class B Shares”), 3,737,500 of
which are issued and outstanding. All of the outstanding Class B Shares have been duly authorized, are fully paid and nonassessable and
were issued in compliance with all applicable federal and state securities laws.

 

(iii) 1,000,000 shares of
preferred stock, par value $0.0001 per share, none of which are issued and outstanding.

 

    4

     

    

 

(c) 
Authorization. All corporate action required to be taken by the Company’s Board of Directors and shareholders in
order to authorize the Company to enter into this Agreement, and to issue the Forward Purchase Securities at the Forward Closing, and
the securities issuable upon exercise of the Forward Purchase Warrants, has been taken or will be taken prior to the Forward Closing.
All action on the part of the shareholders, directors and officers of the Company necessary for the execution and delivery of this Agreement,
the performance of all obligations of the Company under this Agreement to be performed as of the Forward Closing, and the issuance and
delivery of the Forward Purchase Securities and the securities issuable upon exercise of the Forward Purchase Warrants has been taken
or will be taken prior to the Forward Closing. This Agreement, when executed and delivered by the Company, shall constitute the valid
and legally binding obligation of the Company, enforceable against the Company in accordance with its terms except (i) as limited by
applicable bankruptcy, insolvency, reorganization, moratorium, fraudulent conveyance, or other laws of general application relating to
or affecting the enforcement of creditors’ rights generally, (ii) as limited by laws relating to the availability of specific performance,
injunctive relief, or other equitable remedies, or (iii) to the extent the indemnification provisions contained in the Registration Rights
may be limited by applicable federal or state securities laws.

 

(d) 
Valid Issuance of Securities. The Forward Purchase Securities, when issued, sold and delivered in accordance with the terms
and for the consideration set forth in this Agreement, and the securities issuable upon exercise of the Forward Purchase Warrants, when
issued in accordance with the terms of the Forward Purchase Warrants and this Agreement, will be validly issued, fully paid and nonassessable,
as applicable, and free of all preemptive or similar rights, taxes, liens, encumbrances and charges with respect to the issue thereof
and restrictions on transfer other than restrictions on transfer specified under this Agreement, applicable state and federal securities
laws and liens or encumbrances created by or imposed by a Purchaser. Assuming the accuracy of the representations of the Purchaser in
this Agreement and subject to the filings described in Section 3(e) below, the Forward Purchase Securities will be issued in compliance
with all applicable federal and state securities laws.

 

(e) 
Governmental Consents and Filings. Assuming the accuracy of the representations and warranties made by the Purchaser in
this Agreement, no consent, approval, order or authorization of, or registration, qualification, designation, declaration or filing with,
any federal, state or local governmental authority is required on the part of the Company in connection with the consummation of the transactions
contemplated by this Agreement, except pursuant to the Registration Rights.

 

(f)  Compliance
with Other Instruments. The execution, delivery and performance of this Agreement and the consummation of the transactions
contemplated by this Agreement will not result in any violation or default (i) of any provisions of the Company’s certificate
of incorporation, as it may be amended from time to time (the “Charter”), bylaws or other governing
documents of the Company, (ii) of any instrument, judgment, order, writ or decree to which the Company is a party or by which it is
bound, (iii) under any note, indenture or mortgage to which the Company is a party or by which it is bound, (iv) under any lease,
agreement, contract or purchase order to which the Company is a party or by which it is bound or (v) of any provision of federal or
state statute, rule or regulation applicable to the Company, in each case (other than clause (i)) which would have a material
adverse effect on the Company or its ability to consummate the transactions contemplated by this Agreement.

 

(g) 
Operations. As of the date hereof, the Company has not conducted, and prior to the IPO Closing the Company will not conduct,
any operations other than organizational activities and activities in connection with offerings of its securities.

 

 4. Registration Rights; Transfer

 

(a) 
Registration Rights. The Purchaser shall be granted registration rights by the Company with respect to the Forward Purchase
Securities underlying the Forward Purchase Units pursuant to a registration rights agreement to be entered into with the Company, the
Purchaser and the holders of shares issued to the sellers in the initial business combination (the “Registration Rights”).

 

(b) 
Transfer. This Agreement and all of the Purchaser’s rights and obligations hereunder (including the Purchaser’s
obligation to purchase the Forward Purchase Units) may be transferred or assigned, at any time and from time to time, in whole or in part,
to one or more affiliates of the Purchaser (each such transferee, a “Transferee”). Upon any such assignment:

 

    5

     

    

 

(i) 
 the applicable Transferee shall execute a signature page to this Agreement, substantially in the form of the Purchaser’s
signature page hereto (the “Joinder Agreement”), which shall reflect the number of Forward Purchase Units to
be purchased by such Transferee (the “Transferee Securities”), and, upon such execution, such Transferee shall
have all the same rights and obligations of the Purchaser hereunder with respect to the Transferee Securities, and references herein to
the “Purchaser” shall be deemed to refer to and include any such Transferee with respect to such Transferee
and to its Transferee Securities; provided, that any representations, warranties, covenants and agreements of the Purchaser and any such
Transferee shall be several and not joint and shall be made as to the Purchaser or any such Transferee, as applicable, as to itself only;
and

 

(ii)  upon
a Transferee’s execution and delivery of a Joinder Agreement, the number of Forward Purchase Units to be purchased by the
Purchaser hereunder shall be reduced by the total number of Forward Purchase Units to be purchased by the applicable Transferee
pursuant to the applicable Joinder Agreement, which reduction shall be evidenced by the Purchaser and the Company amending Schedule
A to this Agreement to reflect each transfer and updating the “Number of Forward Purchase Units” and “Aggregate
Purchase Price for Forward Purchase Units” on the Purchaser’s signature page hereto to reflect such reduced number of
Forward Purchase Units, and the Purchaser shall be fully and unconditionally released from its obligation to purchase such
Transferee Securities hereunder. For the avoidance of doubt, this Agreement need not be amended and restated in its entirety, but
only Schedule A and the Purchaser’s signature page hereto need be so amended and updated and executed by each of the Purchaser
and the Company upon the occurrence of any such transfer of Transferee Securities.

 

 5. Additional Agreements, Acknowledgements and Waivers of the Purchaser.

 

(a)  Lock-up;
Transfer Restrictions. The Purchaser agrees that it shall not Transfer any Forward Purchase Units (or the Forward Purchase
Shares and Forward Purchase Warrants, including the Class A Shares issued or issuable upon the exercise of any such Forward Purchase
Warrants) until 30 days after the completion of the initial Business Combination. Notwithstanding the foregoing, Transfers of the
Forward Purchase Units (and the underlying Class A Shares and Warrants, including the Class A Shares issued or issuable upon the
exercise of any such warrants) are permitted (any such transferees, the “Permitted Transferees”): (A) to
the Company’s officers or directors, any affiliates or family members of any of the Company’s officers or directors, any
members of the Purchaser, or any affiliates of the Purchaser; (B) in the case of an individual, by gift to a member of the
individual’s immediate family or to a trust, the beneficiary of which is a member of the individual’s immediate family
or 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 any forward purchase agreement or similar arrangement or in connection with
the consummation of the Company’s Business Combination at prices no greater than the price at which the securities 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 the Company’s initial Business
Combination; (H) in the event of the Company’s liquidation prior to the completion of the Company’s Business
Combination; or (I) 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 Shares for cash, securities or other
property subsequent to the completion of the Company’s Business Combination; (J) as a distribution to limited partners,
members or shareholders of the Purchaser; (K) to the Purchaser’s affiliates, to any investment fund or other entity controlled
or managed by the Purchaser or any of its affiliates, or to any investment manager or investment advisor of the Purchaser or an
affiliate of any such investment manager or investment advisor; (L) to a nominee or custodian of a person or entity to whom a
disposition or transfer would be permissible under clauses (A) through (K) above; (M) to the Purchaser or any Transferee hereunder;
(N) by virtue of the laws of the Purchaser’s jurisdiction of formation or its organizational documents upon dissolution of the
Purchaser; and (O) pursuant to an order of a court or regulatory agency; provided, however, that in the case of clauses (A) through
(F) and (J) through (N), these Permitted Transferees must enter into a written agreement agreeing to be bound by these transfer
restrictions. “Transfer” shall mean the (x) sale or assignment of, offer to sell, contract or agreement to
sell, hypothecation, 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 SEC promulgated thereunder) with respect to, any of the Forward Purchase Securities (excluding any pledges in the
ordinary course of business for bona fide financing purposes or as part of prime brokerage arrangements), (y) 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 of the
Forward Purchase Securities, whether any such transaction is to be settled by delivery of such Forward Purchase Securities, in cash
or otherwise, or (z) public announcement of any intention to effect any transaction specified in clause (x) or (y).

 

    6

     

    

 

 (b) Trust Account.

 

(i) 
The Purchaser hereby acknowledges that it is aware that the Company will establish the Trust Account for the benefit of its public
shareholders upon the IPO Closing. The Purchaser, for itself and its affiliates, hereby agrees that it 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, except for redemption and liquidation rights, if any, the Purchaser may have in respect of any Public Shares held by it.

 

(ii) 
The Purchaser hereby agrees that it shall have 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, except for redemption and liquidation rights, if any, the Purchaser may have in respect of any Public Shares
held by it. In the event the Purchaser has any Claim against the Company under this Agreement, the Purchaser 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, except for
redemption and liquidation rights, if any, the Purchaser may have in respect of any Public Shares held by it.

 

6. 
NASDAQ Listing. The Company will use commercially reasonable efforts to effect the listing of the Class A Shares and Public
Warrants on the Nasdaq Global Market (the “NASDAQ”) (or another national securities exchange) at the time of
the Business Combination Closing.

 

 7. Forward Closing Conditions.

 

(a) 
The obligation of the Purchaser to purchase the Forward Purchase Units at the Forward Closing under this Agreement shall be subject
to the fulfillment, at or prior to the Forward Closing of each of the following conditions, any of which, to the extent permitted by applicable
laws, may be waived by the Purchaser:

(i) 
The Business Combination shall be consummated substantially concurrently with the purchase of the Forward Purchase Units;

 

(ii) 
The Purchaser and any applicable Transferee shall have obtained
the approval of its respective investment committee to consummate the purchase of the Forward Purchase Units hereunder as contemplated
by Section 1(a)(ii) hereof;

 

(iii) 
The representations and warranties of the Company set forth in Section 3 of this Agreement shall have been true and correct
as of the date hereof and shall be true and correct as of the Forward Closing Date, as applicable, with the same effect as though such
representations and warranties had been made on and as of such date (other than any such representation or warranty that is made by its
terms as of a specified date, which shall be true and correct as of such specified date), except where the failure to be so true and correct
would not have a material adverse effect on the Company or its ability to consummate the transactions contemplated by this Agreement;

 

(iv) 
The Company shall have performed, satisfied and complied in all material respects with the covenants, agreements and conditions
required by this Agreement to be performed, satisfied or complied with by the Company at or prior to the Forward Closing; and

 

(v) 
No order, writ, judgment, injunction, decree, determination, or award shall have been entered by or with any governmental, regulatory,
or administrative authority or any court, tribunal, or judicial, or arbitral body, and no other legal restraint or prohibition shall be
in effect, preventing the purchase by the Purchaser of the Forward Purchase Units.

 

    7

     

    

 

(b) 
 The obligation of the Company to sell the Forward Purchase Units at the Forward Closing under this Agreement shall be subject
to the fulfillment, at or prior to the Forward Closing of each of the following conditions, any of which, to the extent permitted by applicable
laws, may be waived by the Company:

(i) 
The Business Combination shall be consummated substantially concurrently with the purchase of Forward Purchase Units;

 

(ii) 
The representations and warranties of the Purchaser set forth in Section 2 of this Agreement shall have been true and correct
as of the date hereof and shall be true and correct as of the Forward Closing Date with the same effect as though such representations
and warranties had been made on and as of such date (other than any such representation or warranty that is made by its terms as of a
specified date, which shall be true and correct as of such specified date), except where the failure to be so true and correct would not
have a material adverse effect on the Purchaser or its ability to consummate the transactions contemplated by this Agreement;

 

(iii) 
The Purchaser shall have performed, satisfied and complied in all material respects with the covenants, agreements and conditions
required by this Agreement to be performed, satisfied or complied with by the Purchaser at or prior to the Forward Closing; and

 

(iv) 
No order, writ, judgment, injunction, decree, determination, or award shall have been entered by or with any governmental, regulatory,
or administrative authority or any court, tribunal, or judicial, or arbitral body, and no other legal restraint or prohibition shall be
in effect, preventing the purchase by the Purchaser of the Forward Purchase Units.

 

 8. Termination. This Agreement may be terminated at any time prior to the Forward Closing:

 

 (a) by mutual written consent of the Company and the Purchaser;

 

 (b) automatically

 

 (i) if the IPO is not consummated on or prior to twelve months from the date of this Agreement;

or

 

(ii) 
if the Business Combination is not consummated within 15 months from the closing of the IPO (or up to 21 months, if the company
extends the time to complete a business combination as described in the Registration Statement), or such later date as may be approved
by the Company’s shareholders.

 

In the event of any termination
of this Agreement pursuant to this Section 8, the Forward Purchase Price (and interest thereon, if any), if previously paid, and
all the Purchaser’s funds paid in connection herewith shall be promptly returned to the Purchaser, and thereafter this Agreement
shall forthwith become null and void and have no effect, without any liability on the part of the Purchaser or the Company and their respective
directors, officers, employees, partners, managers, members, or shareholders and all rights and obligations of each party shall cease;
provided, however, that nothing contained in this Section 8 shall relieve either party from liabilities or damages arising out of any
fraud or willful breach by such party of any of its representations, warranties, covenants or agreements contained in this Agreement.

 

 9. General Provisions.

 

(a)  Notices.
All notices and other communications given or made pursuant to this Agreement shall be in writing and shall be deemed effectively
given upon the earlier of actual receipt, or (i) personal delivery to the party to be notified, (ii) when sent, if sent by
electronic mail or facsimile (if any) during normal business hours of the recipient, and if not sent during normal business hours,
then on the recipient’s next Business Day, (iii) five (5) Business Days after having been sent by registered or certified
mail, return receipt requested, postage prepaid, or (iv) one (1) Business Day after deposit with a nationally recognized overnight
courier, freight prepaid, specifying next Business Day delivery, with written verification of receipt. All communications sent to
the Company shall be sent to: LatAmGrowth SPAC, Pedregal 24, 8th Floor, Molino del Rey, 11000, Mexico City, Mexico: Attn:
Chief Executive Officer.

 

    8

     

    

 

All communications to the Purchaser
shall be sent to the Purchaser’s address as set forth on the signature page hereof, or to such e-mail address, facsimile number
(if any) or address as subsequently modified by written notice given in accordance with this Section 9(a).

 

(b) 
No Finder’s Fees. Each party represents that it neither is nor will be obligated for any finder’s fee or commission
in connection with this transaction. The Purchaser agrees to indemnify and to hold harmless the Company from any liability for any commission
or compensation in the nature of a finder’s or broker’s fee arising out of this transaction (and the costs and expenses of
defending against such liability or asserted liability) for which the Purchaser or any of its officers, employees or representatives is
responsible. The Company agrees to indemnify and hold harmless the Purchaser from any liability for any commission or compensation in
the nature of a finder’s or broker’s fee arising out of this transaction (and the costs and expenses of defending against
such liability or asserted liability) for which the Company or any of its officers, employees or representatives is responsible.

 

(c) 
Survival of Representations and Warranties. All of the representations and warranties contained herein shall survive the
Forward Closing.

 

(d) 
Entire Agreement. This Agreement, together with any documents, instruments and writings that are delivered pursuant hereto
or referenced herein, 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.

 

(e) 
Successors. All of the terms, agreements, covenants, representations, warranties, and conditions of this Agreement are binding
upon, and inure to the benefit of and are enforceable by, the parties hereto and their respective successors. Nothing in this Agreement,
express or implied, is intended to confer upon any party other than the parties hereto or their respective successors and assigns any
rights, remedies, obligations or liabilities under or by reason of this Agreement, except as expressly provided in this Agreement.

 

(f) 
Assignments. Except as otherwise specifically provided herein, 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.

 

(g) 
Counterparts. 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.

 

(h) 
Headings. The section headings contained in this Agreement are inserted for convenience only and will not affect in any
way the meaning or interpretation of this Agreement.

 

(i) 
Governing Law. This Agreement, the entire relationship of the parties hereto, and any dispute between the parties (whether
grounded in contract, tort, statute, law or equity) 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.

 

(j) 
Jurisdiction. The parties (i) hereby irrevocably and unconditionally submit to the jurisdiction of the state courts of New
York and to the jurisdiction of the United States District Court for the Southern District of New York for the purpose of any suit, action
or other proceeding arising out of or based upon this Agreement, (ii) agree not to commence any suit, action or other proceeding arising
out of or based upon this Agreement except in state courts of New York or the United States District Court for the Southern District of
New York, and (iii) hereby waive, and agree not to assert, by way of motion, as a defense, or otherwise, in any such suit, action or proceeding,
any claim that it is not subject personally to the jurisdiction of the above-named courts, that its property is exempt or immune from
attachment or execution, that the suit, action or proceeding is brought in an inconvenient forum, that the venue of the suit, action or
proceeding is improper or that this Agreement or the subject matter hereof may not be enforced in or by such court.

 

    9

     

    

 

(k) 
Waiver of Jury Trial. The parties hereto hereby waive any right to a jury trial in connection with any litigation pursuant
to this Agreement and the transactions contemplated hereby.

 

(l) 
Amendments. This Agreement may not be amended, modified or waived as to any particular provision except with the prior written
consent of the Company and the Purchaser affected by such amendment.

 

(m) 
Severability. The provisions of this Agreement will be deemed severable and the invalidity or unenforceability of any provision
will not affect the validity or enforceability of the other provisions hereof; provided, that if any provision of this Agreement, as applied
to any party hereto or to any circumstance, is adjudged by a governmental authority, arbitrator, or mediator not to be enforceable in
accordance with its terms, the parties hereto agree that the governmental authority, arbitrator, or mediator making such determination
will have the power to modify the provision in a manner consistent with its objectives such that it is enforceable, and/or to delete specific
words or phrases, and in its reduced form, such provision will then be enforceable and will be enforced.

 

(n) 
Expenses. Each of the Company and the Purchaser will bear its own costs and expenses incurred in connection with the preparation,
execution and performance of this Agreement and the consummation of the transactions contemplated hereby, including all fees and expenses
of agents, representatives, financial advisors, legal counsel and accountants. The Company shall be responsible for the fees of its transfer
agent; stamp taxes and all of The Depository Trust Company’s fees associated with the issuance of the Forward Purchase Securities
and the securities issuable upon conversion or exercise of the Forward Purchase Securities.

 

(o)  Construction.
The parties hereto have participated jointly in the negotiation and drafting of this Agreement. If an ambiguity or question of
intent or interpretation arises, this Agreement will be construed as if drafted jointly by the parties hereto and no presumption or
burden of proof will arise favoring or disfavoring any party hereto because of the authorship of any provision of this Agreement.
Any reference to any federal, state, local, or foreign law will be deemed also to refer to law as amended and all rules and
regulations promulgated thereunder, unless the context requires otherwise. The words “include,” “includes,”
and “including” will be deemed to be followed by “without limitation.” Pronouns in masculine, feminine, and
neuter genders will be construed to include any other gender, and words in the singular form will be construed to include the plural
and vice versa, unless the context otherwise requires. The words “this Agreement,” “herein,”
“hereof,” “hereby,” “hereunder,” and words of similar import refer to this Agreement as a whole
and not to any particular subdivision unless expressly so limited. The parties hereto intend that each representation, warranty, and
covenant contained herein will have independent significance. If any party hereto has breached any representation, warranty, or
covenant contained herein in any respect, the fact that there exists another representation, warranty or covenant relating to the
same subject matter (regardless of the relative levels of specificity) which such party hereto has not breached will not detract
from or mitigate the fact that such party hereto is in breach of the first representation, warranty, or covenant.

 

(p) 
Waiver. No waiver by any party hereto of any default, misrepresentation, or breach of warranty or covenant hereunder, whether
intentional or not, may be deemed to extend to any prior or subsequent default, misrepresentation, or breach of warranty or covenant hereunder
or affect in any way any rights arising because of any prior or subsequent occurrence.

 

(q) 
Specific Performance. The Purchaser agrees that irreparable damage may occur in the event any provision of this Agreement
was not performed by the Purchaser in accordance with the terms hereof and that the Company shall be entitled to specific performance
of the terms hereof, in addition to any other remedy at law or equity.

 

    10

     

    

 

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

 

	PURCHASER:	 
	 	 
	SOUTHLIGHT
    CAPITAL LLC	 
	 	 
	By:	/s/
    Miguel Olea	 
	 	Name:
    Miguel Olea	 
	 	Title:
     Manager	 
	 	 
	COMPANY:	 
	 	 
	LATAMGROWTH
    SPAC	 
	 	 
	By:	/s/
    Gerard Cremoux	 
	 	Name:
    Gerard Cremoux	 
	 	Title:
     Chief Executive Officer, Chief Financial Officer & Director	 

 

     

     

    

 

TO BE EXECUTED UPON ANY ASSIGNMENT AND/OR REVISION IN
ACCORDANCE WITH THIS AGREEMENT TO “NUMBER OF FORWARD PURCHASE UNITS” AND “AGGREGATE PURCHASE PRICE FOR FORWARD PURCHASE
UNITS” SET FORTH BELOW

 

Number of Forward Purchase Units:

 

Aggregate Purchase Price for Forward Purchase Units: $

 

Number of Forward Purchase Units and Aggregate Purchase
Price for Forward Purchase Units as of         , 2022, accepted and agreed to as of this day of           , 2022.

 

	 	PURCHASER
	 	 
	 	By:	
	 	Name:	[   
    ]
	 	Title:	[   
    ]

 

	 	LATAMGROWTH SPAC
	 	 
	 	By: 	                           
	 	 	Name:
	 	 	Title:

 

     

     

    

 

SCHEDULE A

 

SCHEDULE OF TRANSFERS OF FORWARD
PURCHASE UNITS

 

The following transfers of a portion of the original number
of Forward Purchase Units have been made:

 

	Date
                                            of Transfer
	Transferee
	Number of 

Forward 

Purchase
    

Units

    Transferred
	Purchaser 

Revised 

Forward
    

Purchase 

Units

    Amount 

 

     

     

    

 

TO BE EXECUTED UPON ANY ASSIGNMENT OR FINAL DETERMINATION
OF FORWARD PURCHASE UNITS:

 

Schedule A as of     , 202[    ], accepted and agreed to as of
this day of      , 202[   ] by:

 

	[       ]	 	LATAMGROWTH SPAC
	 	 	 
	By:	                                      	 	 
	Name: 	 	 	By:	                                    
	Title:  	 	 	Name: 	 
	 	 	Title:

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