SEC Filing Document

Company: Jones Ventures INTL Acquisition1 Corp
Ticker: 
CIK: 2129056
Filing Type: S-1
Document Type: EX-10.4
Date Filed: 2026-05-15
Accession Number: 0001213900-26-057072
Exchange: 
SIC Code: 6770
SIC Description: Blank Checks
URL: https://www.sec.gov/Archives/edgar/data/2129056/000121390026057072/ea028579202ex10-4.htm

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Exhibit 10.4

Jones Ventures INTL Acquisition1 Corp

325 Hudson St, 6th Floor

New York NY 10013

Re: Initial Public Offering

Ladies and Gentlemen:

This letter (this “Letter
Agreement”) is being delivered to you in accordance with the Underwriting Agreement (the “Underwriting Agreement”)
entered into by and among Jones Ventures INTL Acquisition1 Corp, a Cayman Islands exempted company (the “Company”)
JonesTrading Institutional Services LLC (“JonesTrading” or the “Representative”) of the underwriters
(the “Underwriters”), relating to an underwritten initial public offering (the “Public Offering”),
of up to 23,000,000 of the Company’s units (including up to 3,000,000 units which may be purchased to cover over-allotments, if
any) (the “Units”), each comprised of one Class A ordinary share, par value $0.0001 per share, of the Company
(the “Class A Ordinary Shares”) and one right to receive one tenth (1/10) of a Class A Ordinary Share (each
whole right, a “Share Right”). The Units shall be sold in the Public Offering pursuant to the registration statement
on Form S-1 (File No. 333-[ ● ]) and prospectus (the “Prospectus”) filed by the Company with the U.S.
Securities and Exchange Commission (the “Commission”) and the Company shall apply to have the Units listed on
the Nasdaq Global Market. Certain capitalized terms used herein are defined in paragraph 11 hereof.

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, Jones Ventures INTL Acquisition1 Sponsor LLC, a Delaware
limited liability company (the “Sponsor”) and each of the undersigned individuals, each of whom is, or will
be, a member of the Company’s board of directors and/or management team (each an “Insider” and, collectively,
the “Insiders”), hereby agree with the Company as follows:

1. The Sponsor and each Insider
agree 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) vote all Founder Shares and any shares acquired by it, him or her in the Public Offering or the secondary
public market in favor of such proposed Business Combination, except that it, he or she shall not vote any Class A Ordinary Shares that
it, he or she purchased after the Company publicly announces its intention to engage in such proposed Business Combination for or against
such proposed Business Combination and (ii) not redeem any Class A 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 herewith.

2. The Sponsor and each Insider
agree that in the event that the Company fails to consummate a Business Combination by the date that is 24 months after the closing of
the Public Offering, or such earlier date as Company’s board of directors may approve, or such later date as the Company’s
shareholders may approve, in each case in accordance with the Company’s amended and restated memorandum and articles of association,
as may be amended from time to time (the “Completion Window” and the “Memorandum and Articles,”
respectively), the Sponsor and each Insider shall take all reasonable steps to cause the Company to (i) cease all operations except for
the purpose of winding up, (ii) as promptly as reasonably possible but not more than ten (10) business days thereafter, subject to lawfully
available funds therefor, redeem 100% of the Class A Ordinary Shares sold as part of the Units in the Public Offering (the “Offering
Shares”), at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account, including
interest earned on the funds held in the Trust Account (which interest shall be net of taxes payable and less up to $100,000 of interest
to pay dissolution expenses), divided by the number of Offering Shares then in issue, which redemption will completely extinguish the
Public Shareholders’ rights as shareholders (including the right to receive further liquidation distributions, if any), subject
to applicable law and (iii) as promptly as reasonably possible following such redemption, subject to the approval of the Company’s
remaining shareholders and the Company’s board of directors, dissolve and liquidate, subject in each case to the Company’s
obligations under Cayman Islands law to provide for claims of creditors and other requirements of applicable law. The Sponsor and the
Insiders agree to not propose any amendment to the Memorandum and Articles not for the purposes of approving, or in conjunction with the
consummation of, a Business Combination (A) to modify the substance or timing of the Company’s obligation to allow redemption in
connection with a Business Combination or to redeem one hundred per cent (100%) of the Offering Shares if the Company has not consummated
a Business Combination within the Completion Window or (B) with respect to any other material provisions relating to the rights of holders
of Class A Ordinary Shares or pre-initial Business Combination activity, unless the Company provides its Public Shareholders with the
opportunity to redeem their Offering Shares upon effectiveness of any such amendment at a per share price, payable in cash, equal to the
aggregate amount then on deposit in the Trust Account including interest earned on the Trust Account and not previously released to the
Company to pay its taxes, divided by the number of Offering Shares then in issue, subject to applicable law. The Sponsor and each Insider
acknowledges that it, he or she will not be entitled to rights to liquidating distributions from the Trust Account with respect to any
Founder Shares held by it, him or her if the Company fails to complete a Business Combination within the Completion Window; although it,
he or she will be entitled to liquidating distributions from the Trust Account with respect to any Offering Shares it, he or she holds
if the Company fails to complete a Business Combination within the prescribed time frame. The Sponsor and each Insider hereby further
acknowledge that it, he or she will not be entitled to (a) redemption rights with respect to any Founder Shares and Offering Shares held
by it, him or her, in connection with the consummation of a Business Combination, or (b) redemption rights with respect to Founder Shares
and Offering Shares held by it, him or her in connection with a shareholder vote to amend the Memorandum and Articles in the manner described
above.

3. To the fullest extent
permitted by applicable law and the Memorandum and Articles, the Company hereby agrees to defend, indemnify, hold harmless and exonerate
(including the advancement of expenses to the fullest extent permitted by applicable law) the Sponsor and its members (present and former),
managers and affiliates and their respective present and former officers and directors (each, a “Sponsor Indemnitee”)
from any and all costs, fees, expenses, judgments, liabilities, fines, penalties, reasonable attorneys’ fees and amounts paid in
settlement (including all interest, assessments and other charges paid or payable in connection with or in respect of such costs, fees,
expenses, judgments, liabilities, fines, penalties and amounts paid in settlement) actually, and reasonably, incurred by a Sponsor Indemnitee
or on a Sponsor Indemnitee’s behalf in connection with any threatened, pending or completed action, suit, arbitration, mediation,
alternate dispute resolution mechanism, investigation, inquiry, hearing or any other actual, threatened or completed proceeding instituted
by the Company or any third party, whether civil, criminal, administrative or investigative in nature, in respect of any investment opportunities
sourced by a Sponsor Indemnitee for the Company or any liability arising with respect to a Sponsor Indemnitee’s activities in connection
with the affairs of the Company (in each case to the extent that such indemnification, hold harmless and exoneration obligations with
respect to such matters are not expressly covered by a separate written agreement between the Company and the applicable Sponsor Indemnitee);
provided, that in no event shall a Sponsor Indemnitee be entitled to be indemnified or held harmless hereunder in respect of any
costs, fees, expenses, judgments, liabilities, fines, penalties and amounts paid in settlement (if any) that a Sponsor Indemnitee may
incur by reason of such person’s own actual fraud or intentional misconduct; provided, further, that, for the avoidance
of doubt, under no circumstance shall a Sponsor Indemnitee have a claim to any monies or assets held in the Trust Account, and the Company
shall not be permitted to procure monies or assets held in the Trust Account for the satisfaction of its obligations to any Sponsor Indemnitee
in respect of the indemnification provided hereunder. The Sponsor Indemnitees shall be third party beneficiaries of this paragraph.