SEC Contract Filing

Filing Date: 2021-05-06

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>5
<FILENAME>dp150671_ex1001.htm
<DESCRIPTION>EXHIBIT 10.1
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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0"><B>Exhibit 10.1</B></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B><I>Execution Version</I></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">May 3, 2021</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">Valor Latitude Acquisition Corp.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">10 E 53rd St.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">New York, NY 10022</P>

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

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 <TD STYLE="width: 4%; font-size: 12pt"><FONT STYLE="font-size: 10pt">Re:</FONT></TD>
 <TD STYLE="font-size: 12pt"><FONT STYLE="font-size: 10pt"><U>Initial Public Offering</U></FONT></TD></TR>
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<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">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">This letter (this &ldquo;<B><I>Letter Agreement</I></B>&rdquo;) is
being delivered to you in accordance with the Underwriting Agreement (the &ldquo;<B><I>Underwriting Agreement</I></B>&rdquo;) entered
into by and among Valor Latitude Acquisition Corp., a Cayman Islands exempted company (the &ldquo;<B><I>Company</I></B>&rdquo;), BofA
Securities, Inc. and Barclays Capital Inc., as representatives (the &ldquo;<B><I>Representatives</I></B>&rdquo;) of the several underwriters
(each, an &ldquo;<B><I>Underwriter</I></B>&rdquo; and collectively, the &ldquo;<B><I>Underwriters</I></B>&rdquo;), relating to an underwritten
initial public offering (the &ldquo;<B><I>Public&nbsp;Offering</I></B>&rdquo;), of up to 23,000,000 of the Company&rsquo;s units (including
up to 3,000,000 units that may be purchased to cover over-allotments, if any) (the &ldquo;<B><I>Units</I></B>&rdquo;), each comprised
of one of the Company&rsquo;s Class&nbsp;A ordinary shares, par value $0.0001 per share (the &ldquo;<B><I>Class&nbsp;A Ordinary Shares</I></B>&rdquo;),
and one-third of one redeemable warrant. Each whole warrant (each, a &ldquo;<B><I>Warrant</I></B>&rdquo;) entitles the holder thereof
to purchase one Class&nbsp;A Ordinary Share at a price of $11.50 per share, subject to adjustment as described in the Prospectus (as defined
below). The Units will be sold in the Public Offering pursuant to a registration statement on Form S-1 and prospectus (the &ldquo;<B><I>Prospectus</I></B>&rdquo;)
filed by the Company with the U.S. Securities and Exchange Commission (the &ldquo;<B><I>Commission</I></B>&rdquo;) and the Company has
applied to have the Units listed on The Nasdaq Capital Market. Certain capitalized terms used herein are defined in paragraph 11 hereof.</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">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, each of Valor Latitude LLC, a Cayman Islands limited liability corporation (the &ldquo;<B><I>Sponsor</I></B>&rdquo;)
and the undersigned individuals, each of whom is, or will be, a member of the Company&rsquo;s board of directors and/or management team
(each of the undersigned individuals, an &ldquo;<B><I>Insider</I></B>&rdquo; and collectively, the &ldquo;<B><I>Insiders</I></B>&rdquo;),
hereby agrees with the Company as follows:</P>

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<TD STYLE="width: 36pt"></TD><TD STYLE="width: 27pt">1.</TD><TD>The Sponsor and each Insider agrees that if the Company seeks shareholder approval of a proposed Business Combination, then in connection
with such proposed Business Combination, it, he or she shall (i)&nbsp;vote any Ordinary Shares (as defined below) owned by it, him or
her in favor of any proposed Business Combination and (ii)&nbsp;not redeem any Ordinary Shares owned by it, him or her in connection with
such shareholder approval. If the Company seeks to consummate a proposed Business Combination by engaging in a tender offer, the Sponsor
and each Insider agrees that it, he or she will not sell or tender any Ordinary Shares owned by it, him or her in connection therewith.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

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<TD STYLE="width: 36pt"></TD><TD STYLE="width: 27pt">2.</TD><TD>The Sponsor and each Insider hereby agrees that in the event that the Company fails to consummate a Business Combination within 24
months from the closing of the Public Offering, or such later period approved by the Company&rsquo;s shareholders in accordance with th