SEC Contract Filing

Filing Date: 2021-07-19

Document Content:
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<TYPE>EX-10.4
<SEQUENCE>6
<FILENAME>d125571dex104.htm
<DESCRIPTION>EX-10.4
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<TITLE>EX-10.4</TITLE>
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<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.4 </B></P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SPONSOR LETTER AGREEMENT </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This SPONSOR LETTER AGREEMENT (this &#147;Agreement&#148;), dated as of July&nbsp;18, 2021, is made by and among Investindustrial Acquisition
Corp. L.P., a limited partnership incorporated in England and Wales (the &#147;<B>Sponsor</B>&#148;), the other holders of IIAC Class&nbsp;B Shares set forth on Schedule&nbsp;I hereto (the &#147;<B>Other Class</B><B></B><B>&nbsp;B Holders</B>&#148;,
and together with the Sponsor, collectively, the &#147;<B>Shareholders</B>&#148;), Investindustrial Acquisition Corp., a Cayman Islands exempted company (&#147;<B>IIAC</B>&#148;), and Ermenegildo<B> </B>Zegna Holditalia S.p.A., a joint stock company
incorporated under Italian law (together with its successors, including from and after the Conversion (as such term is defined in the Business Combination Agreement), the &#147;<B>Company</B>&#148;). The Sponsor, the Other Class&nbsp;B Holders, IIAC
and the Company shall be referred to herein from time to time collectively as the &#147;<B>Parties</B>&#148;. Capitalized terms used but not otherwise defined herein shall have the meanings ascribed to such terms in the Business Combination
Agreement (as defined below). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, IIAC, the Company and EZ Cayman, a Cayman Islands exempted company (&#147;<B>Merger
Sub</B>&#148;), entered into that certain Business Combination Agreement, dated as of the date hereof (as it may be amended, restated or otherwise modified from time to time in accordance with its terms, the &#147;<B>Business Combination
Agreement</B>&#148;); and </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, the Business Combination Agreement contemplates that the Parties will enter into this Agreement
concurrently with the entry into the Business Combination Agreement by the parties thereto, pursuant to which, among other things, (a)&nbsp;the Shareholders agree that they will vote in favor of approval of the Business Combination Agreement and the
transactions contemplated thereby (including the Merger) and (b)&nbsp;the Shareholders agree to waive any adjustment to the conversion ratio set forth in the Governing Documents of IIAC, including under Article 17.3 of the Amended and Restated
Articles of Association of IIAC, or any other anti-dilution or similar protection with respect to all of the IIAC Class&nbsp;B Shares related to the Transactions. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">NOW, THEREFORE, in consideration of the premises and the mutual promises contained herein and for other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the Parties, each intending to be legally bound, hereby agree as follows: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">1.&nbsp;&nbsp;&nbsp;&nbsp;<U>Agreement to Vote</U>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;Each Shareholder (in his, her or its capacity as a shareholder of IIAC and on behalf of himself, herself and itself
and not the other Shareholders) hereby irrevocably agrees, at any meeting of the shareholders of IIAC duly called and convened in accordance with the Governing Documents of IIAC, whether or not adjourned and however called, including at the IIAC
Shareholders Meeting or otherwise, and in any action by written consent of the shareholders of IIAC, (i)&nbsp;to vote, or cause to be voted, or execute and return, or cause to be executed and returned, an action by written consent with respect to,
as applicable, all of such Shareholder&#146;s IIAC Class&nbsp;B Shares and IIAC Class&nbsp;A Shares (if any) held of record or beneficially by such Shareholder as of the date of this Agreement, or to which such Shareholder acquires record or
beneficial ownership after the date hereof (including by Transfer (as defined below), purchase, as a result of a stock dividend, stock split, recapitalization, combination, reclassification, exchange or change of such shares, or upon exercise or
conversion of any securities) and prior to the Closing (collectively and together with any securities convertible into or exercisable or exchangeable for such shares (to the extent so converted), the &#147;<B><U>Subject IIAC Equity
Securities</U></B>&#148;) in favor of each of the Transaction Proposals, in each case, to the extent Subject IIAC Equity Securities are entitled to vote thereon or consent thereto and (ii)&nbsp;when such meeting is held, appear at such meeting or
otherwise cause the Subject IIAC Equity Securities to be counted as present thereat for the purpose of establishing a quorum, and (iii)&nbsp;to vote, or cause to be voted against, against or withhold written consent, or cause written consent to be
withheld, with respect to, as applicable, (A)&nbsp;any proposal providing for an IIAC Acquisition Proposal or the adoption of an agreement to enter into an IIAC Acquisition Proposal and (B)&nbsp;any action, transaction or agreement<B> </B>that
would, or would reasonably be expected to (x)&nbsp;result in a breach of any representation or warranty or covenant of IIAC under the Business Combin