Document:

Exhibit 10.4

 

PRIVATE PLACEMENT WARRANTS PURCHASE AGREEMENT

 

THIS PRIVATE PLACEMENT WARRANTS
PURCHASE AGREEMENT, dated as of March 24, 2021 (as it may from time to time be amended and including all exhibits referenced herein,
this “Agreement”), is entered into by and among Landcadia Holdings IV, Inc., a Delaware corporation (the “Company”),
and Jefferies Financial Group, Inc., a New York corporation, and TJF, LLC, a Delaware limited liability company (collectively, the
 “Purchasers”).

 

WHEREAS, the Company intends
to consummate an initial public offering of the Company’s units (the “Public Offering”), each unit consisting
of one share of the Company’s Class A common stock, par value $0.0001 per share (each, a “Share”), and one-fourth
of one redeemable warrant. Each whole warrant entitles the holder to purchase one Share at an exercise price of $11.50 per Share. The
Purchasers have agreed to purchase an aggregate of 8,333,333 warrants (or 9,333,333 warrants 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 Share at an exercise price of $11.50 per Share, in such amounts as described on Exhibit A
hereto.

 

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
Purchasers.

 

B.      Purchase
and Sale of the Private Placement Warrants.

 

On the date of the consummation
of the Public Offering or on such earlier time and date as may be mutually agreed by the Purchasers and the Company (the “Initial
Closing Date”), the Company shall issue and sell to the Purchasers, and the Purchasers shall purchase from the Company, an aggregate
of 8,333,333 Private Placement Warrants at a price of $1.50 per warrant for an aggregate purchase price of $12,500,000 (the “Purchase
Price”) (in such amounts as described on Exhibit A hereto), which shall be paid by wire transfer of immediately
available funds to the Company in accordance with the Company’s wiring instructions at least one business day prior to the date
of effectiveness of the registration statement to be filed in connection with the Public Offering. On the Initial Closing Date, the Company,
shall either, at its option, deliver certificates evidencing the Private Placement Warrants purchased by the Purchasers on such date duly
registered in each Purchaser’s name to each Purchaser, or effect such delivery in book-entry form. 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 Purchasers 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 Purchasers, and the Purchasers shall purchase from the Company, up to an aggregate of 1,000,000 Private Placement
Warrants, in the same proportion as the amount of the over-allotment option that is exercised, at a price of $1.50 per warrant for an
aggregate purchase price of up to $1,500,000 (if the over-allotment option in connection with the Public Offering is exercised in full)
(the “Over-allotment Purchase Price”) (in such amounts as described on Exhibit A hereto), which shall be
paid by wire transfer of immediately available funds to the Company in accordance with the Company’s wiring instructions. On the
Over-allotment Closing Date, upon the payment by the Purchasers of the Over-allotment Purchase Price payable by them by wire transfer
of immediately available funds to the Company, the Company shall either, at its option, deliver certificates evidencing the Private Placement
Warrants purchased by the Purchasers on such date duly registered in each Purchaser’s name to each Purchaser, or effect such delivery
in book-entry form.

 

    

     

    

 

C.      Terms
of the Private Placement Warrants.

 

(i)      The
Private Placement Warrants shall have their 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
or prior to the time of the Initial Closing Date, the Company and the Purchasers shall enter into a registration rights agreement (the
 “Registration Rights Agreement”) pursuant to which the Company will grant certain registration rights to the Purchasers
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 Purchasers to enter into this Agreement and purchase the Private Placement
Warrants, the Company hereby represents and warrants to the Purchasers (which representations and warranties shall survive each Closing
Date) that:

 

A.     Organization
and Corporate Power. The Company is a corporation duly organized, validly existing and in good standing under the laws of the State
of Delaware 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 and approved by the
Company as of each Closing Date. This Agreement constitutes a 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.

 

(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 each 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 capital stock or assets under, (d) result in a violation of, or (e) require
any authorization, consent, approval, exemption, action, notice, declaration or filing, in each case, by or to any court or administrative
or governmental body or agency pursuant to the certificate of incorporation or the bylaws 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.

 

    2

     

    

 

C.      Title
to Securities. Upon issuance in accordance with, and payment pursuant to, the terms hereof and the Warrant Agreement, the Placement
Warrants will be duly and validly issued and the Shares issuable upon exercise of the Private Placement Warrants will be duly and validly
issued, fully paid and nonassessable. On the date of issuance of the Placement Warrants, the Shares issuable upon exercise of the Placement
Warrants shall have been reserved for issuance. Upon issuance in accordance with, and payment pursuant to, the terms hereof and the Warrant
Agreement, each 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 either 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.

 

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

 

A.     Organization
and Requisite Authority. Each 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 each 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 each Purchaser of this Agreement and the fulfillment of and compliance with the terms hereof by the Purchasers
does not and shall not as of each Closing Date conflict with or result in a breach by either Purchaser of the terms, conditions or provisions
of any agreement, instrument, order, judgment or decree to which either Purchaser is subject that would materially impact its ability
to perform its obligations hereunder.

 

C.     Investment
Representations.

 

(i)     Each
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 such 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)    Each
Purchaser is an “accredited investor” as such term is defined in Rule 501(a)(3) of Regulation D of the Securities
Act of 1933, as amended (the “Securities Act”), and neither Purchaser has experienced a disqualifying event as enumerated
pursuant to Rule 506(d) of Regulation D under the Securities Act.

 

(iii)   Each
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 Purchasers’ compliance with, the representations and warranties of the Purchasers set forth herein in order to determine the
availability of such exemptions and the eligibility of the Purchasers to acquire such Securities.

 

(iv)   Each
Purchaser did not 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.

 

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(v)     Each
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 each Purchaser. Each Purchaser has been afforded the opportunity
to ask questions of the executive officers and directors of the Company. Each 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)    Each
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 Purchasers
nor have such authorities passed upon or endorsed the merits of the offering of the Securities.

 

(vii)   Each
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 such Purchaser understands that Rule 144 under the
Securities Act 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, such 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) Each
Purchaser has knowledge and experience in financial and business matters, understands 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. Each 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. Each Purchaser can
afford a complete loss of its investment in the Securities.

 

Section 4     Conditions
of the Purchasers’ Obligations. The obligations of the Purchasers to purchase and pay for the Private Placement Warrants 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 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.

 

    4

     

    

 

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 and Registration Rights Agreement. The Company shall have entered into the Warrant Agreement and the Registration Rights
Agreement, each on terms satisfactory to the Purchasers.

 

E.       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.

 

Section 5      Conditions
of the Company’s Obligations. The obligations of the Company to the Purchasers 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 Purchasers contained in Section 3 shall be true and correct at and
as of such Closing Date as though then made.

 

B.       Performance.
The Purchasers 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 Purchasers 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 on terms satisfactory to the Company.

 

Section 6      Termination.
This Agreement may be terminated at any time after December 31, 2021 upon the election by either the Company or the Purchasers
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 without the prior
written consent of the other party hereto, other than assignments by the Purchasers to their respective affiliates (including, without
limitation, one or more of its members).

 

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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. In the event that any signature is delivered
by facsimile transmission or by e-mail delivery of a “pdf” format data file, such signature shall create a valid and binding
obligation of the party executing (or on whose behalf such signature is executed) with the same force and effect as if such facsimile
or “.pdf” signature page were an original thereof.

 

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.

 

[Signature Page Follows]

 

    6

     

    

 

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

 

	 	COMPANY:
	 	LANDCADIA HOLDINGS IV INC.
	 	 
	 	 	 
	 	By:	/s/ Steven L. Scheinthal
	 	 	Name: Steven L. Scheinthal
	 	 	Title: Vice President and General Counsel
	 	 	 
	 	PURCHASERS:
	 	JEFFERIES FINANCIAL GROUP INC.
	 	 	 
	 	 	 
	 	By:	/s/ Michael Sharp
	 	 	Name: Michael Sharp
	 	 	Title: Executive Vice President and General Counsel
	 	 	 
	 	TJF, LLC
	 	 	 
	 	 	 
	 	By:	/s/ Tilman J. Fertitta
	 	 	Name: Tilman J. Fertitta
	 	 	Title: Sole Managing Member

 

[Signature
Page to Private Placement Warrants Purchase Agreement]

 

    7

     

    

 

Exhibit A

 

	Name	 	Number of 

                                                                                Private

                                                                                 Placement Warrants (No

                                                                                Exercise of

                                                                                Over-allotment

                                                                                Option)
	 	 	Purchase Price

                                                                                (No Exercise of

                                                                                Over-allotment

                                                                                Option)
	 	 	Number of

                                                                                Private

                                                                                Placement

                                                                                Warrants

                                                                                (Exercise of

                                                                                Over-allotment

                                                                                Option in Full)
	 	 	Purchase Price

                                                                                (Exercise of

                                                                                Over-allotment

                                                                                Option in Full)
	 
	Jefferies Financial Group, Inc.	 	 	4,166,666	 	 	$	6,249,999	 	 	 	500,000	 	 	$	750,000	 
	TJF, LLC.	 	 	4,166,667	 	 	$	6,250,001	 	 	 	500,000	 	 	$	750,000	 
	Total	 	 	8,333,333	 	 	$	12,500,000	 	 	 	1,000,000	 	 	$	1,500,000	 

 

    8Exhibit 10.5

 

LANDCADIA HOLDINGS IV, INC

1510 West Loop South

Houston, Texas 77027

 

March 24, 2021

 

Fertitta Entertainment, Inc.

1510 West Loop South

Houston, Texas 77027

 

Re: Administrative Support
Agreement

 

Ladies and Gentlemen:

 

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

 

(i)     Fertitta
Entertainment shall make available, or cause to be made available, to the Company, at 1510 West Loop South, Houston, Texas 77027 (or any
successor location of Fertitta Entertainment), certain office space, utilities and secretarial and administrative support as may be reasonably
required by the Company. In exchange therefor, the Company shall pay Fertitta Entertainment $20,000 per month on the Listing Date and
continuing monthly thereafter until the Termination Date; and

 

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

 

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

 

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

 

No party hereto may assign
either this Agreement or any of its rights, interests, or obligations hereunder without the prior written approval of the other party.
Any purported assignment in violation of this paragraph shall be void and ineffectual and shall not operate to transfer or assign any
interest or title to the purported assignee.

 

    

     

    

 

This Agreement constitutes
the entire relationship of the parties hereto, and any litigation 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.

 

[Signature Page Follows]

 

    2

     

    

 

	 	Very truly yours,
	 	 	 
	 	LANDCADIA HOLDINGS IV, INC.
	 	 	 
	 	 	 
	 	By:	/s/ Steven L. Scheinthal
	 	Name: 	Steven L. Scheinthal
	 	Title: 	Vice President

 

	AGREED TO AND ACCEPTED BY:	 
	FERTITTA ENTERTAINMENT, INC.	 
	 	 	 
	 	 	 
	By: 	/s/ Steven L. Scheinthal	 
	Name: 	Steven L. Scheinthal	 
	Title: 	Vice President	 

 

[Signature
Page to Administrative Support Agreement]

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