SEC Contract Filing

Filing Date: 2021-08-18

Document Content:
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<TYPE>EX-10.1
<SEQUENCE>4
<FILENAME>ea146078ex10-1_jupiteracq.htm
<DESCRIPTION>LETTER AGREEMENT, DATED AUGUST 12, 2021, AMONG THE COMPANY, JUPITER FOUNDERS LLC, NOMURA SECURITIES INTERNATIONAL, INC., LADENBURG THALMANN & CO. INC., CERTAIN SECURITYHOLDERS AND EACH OF THE OFFICERS AND DIRECTORS OF THE COMPANY
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><b>Exhibit 10.1</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">August 12, 2021</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Jupiter Acquisition Corporation<br>

<font style="font-family: Times New Roman, Times, Serif">11450 SE Dixie Hwy</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Hobe Sound, FL 33455</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><tr style="vertical-align: top; text-align: justify">
<td style="width: 0%"></td><td style="width: 0.25in; text-align: left">Re:</td><td style="text-align: justify"><u>Initial Public Offering</u></td>
</tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Ladies and Gentlemen:</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</p>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">This
letter (this &#8220;<b><i>Letter Agreement</i></b>&#8221;) is being delivered to you in accordance with the Underwriting Agreement (the
&#8220;<b><i>Underwriting Agreement</i></b>&#8221;) to be entered into by and between Jupiter Acquisition Corporation, a Delaware corporation
(the &#8220;<b><i>Company</i></b>&#8221;), and Nomura Securities International, Inc., as representative (the &#8220;<b><i>Representative</i></b>&#8221;)
of the several underwriters named in Schedule A thereto (the &#8220;<b><i>Underwriters</i></b>&#8221;), relating to an underwritten initial
public offering (the &#8220;<b><i>Public Offering</i></b>&#8221;), of 17,250,000 of the Company&#8217;s units (including up to 2,250,000
units that may be purchased to cover over-allotments, if any) (each, a &#8220;<b><i>Unit</i></b>&#8221;), each Unit comprised of one
share of the Company&#8217;s Class A common stock, par value $0.0001 per share (the &#8220;<b><i>Class A Common Stock</i></b>&#8221;),
and one-half of one redeemable warrant (each, a &#8220;<b><i>Warrant</i></b>&#8221;). Each whole Warrant entitles the holder thereof
to purchase one share of Class A Common Stock at a price of $11.50 per share, subject to adjustment. The Units shall be sold in the Public
Offering pursuant to a registration statement on Form S-1 and prospectus (the &#8220;<b><i>Prospectus</i></b>&#8221;) filed by the Company
with the Securities and Exchange Commission (the &#8220;<b><i>Commission</i></b>&#8221;) and the Company shall apply to have the Units
listed on the Nasdaq Capital Market. Certain capitalized terms used herein are defined in paragraph 10 hereof.</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</p>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">In order to induce the Company and the Underwriters
to enter into the Underwriting Agreement and to proceed with the Public Offering and for other good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, Jupiter Founders LLC (the &#8220;<b><i>Sponsor</i></b>&#8221;), Nomura Securities International,
Inc., Ladenburg Thalmann &amp; Co. Inc. and each of the other Initial Stockholders, and each of the undersigned individuals, each of whom
is a member of the Company&#8217;s board of directors and/or management team (each such other undersigned individual, an &#8220;<b><i>Insider</i></b>&#8221;
and collectively, the &#8220;<b><i>Insiders</i></b>&#8221;), hereby agrees with the Company as follows:</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</p>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">1. The
Sponsor, each Insider and each of the other Initial Stockholders agrees that (a) if the Company seeks stockholder approval of a proposed
Business Combination, then in connection with such proposed Business Combination, it, he or she shall (i)&nbsp;vote any shares of Common
Stock owned by it, him or her in favor of any proposed Business Combination and (ii)&nbsp;not redeem any shares of Common Stock owned
by it, him or her in connection with such stockholder approval; and (b) if the Company engages in a tender offer in connection with a
proposed Business Combination, it, he or she shall not sell any shares of Common Stock to the Company in connection therewith.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</p>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">2. The
Sponsor, each Insider and each of the other Initial Stockholders hereby agrees that in the event that the Company fails to consummate
a Business Combination within 24 months from the date of the closing of the Public Offering (the latest such date being referred to as
the &#8220;<b><i>Termination Date</i></b>&#