Amendment to the Forfeiture and Support Agreement, dated as of November 16, 2021, by and among Altimar Sponsor II, LLC, the Altimar II Class B Holders party thereto, Altimar Acquisition Corp. II, Fathom Holdco, LLC and the other parties thereto
Exhibit 10.2
ALTIMAR SPONSOR II, LLC
c/o HPS Investment Partners, LLC
40 West 57th Street, 33rd Floor
New York, NY 10019
November 16, 2021
Altimar Acquisition Corp. II
c/o HPS Investment Partners, LLC
40 West 57th Street, 33rd Floor
New York, NY 10019
Fathom Holdco, LLC
CORE Fund I Blocker-5 LLC
CORE Fund I Blocker-2 LLC
c/o CORE Industrial Partners, LLC
150 N. Riverside Plaza, Suite #2050
Chicago, Illinois 60606
SG (MCT) Blocker, LLC
c/o Siguler Guff & Company, LP
200 Park Avenue, 23rd Floor
New York, NY 10166
Attention: ***@***
Re: | Amendment to Forfeiture and Support Agreement |
Ladies and Gentlemen:
Reference is made to that certain Forfeiture and Support Agreement, dated as of July 15, 2021 (as the same may be amended, restated or amended and restated from time to time in accordance with its terms, the Forfeiture and Support Agreement), by and among Altimar Acquisition Corp. II, a Cayman Islands exempted company (the Buyer), Altimar Sponsor II, LLC, a Delaware limited liability company (the Sponsor), the individuals identified on the signature pages thereto (each, an Individual Class B Holder), CORE Industrial Partners, LLC, a Delaware Limited Liability Company (CORE), Fathom Holdco, LLC, a Delaware limited liability company (Fathom), CORE Fund I Blocker-5 LLC, a Delaware limited liability company (Fathom Blocker 1), CORE Fund I Blocker-2, LLC, a Delaware limited liability company (Fathom Blocker 2), and SG (MCT) Blocker, LLC, a Delaware limited liability company (Fathom Blocker 3 and together with Fathom Blocker 1 and Fathom Blocker 2, the Fathom Blockers). Unless otherwise expressly provided herein, capitalized terms shall have the respective meanings assigned to them in the Forfeiture and Support Agreement.
RECITALS
WHEREAS, Buyer, Sponsor and the Individual Class B Holders have entered into the Forfeiture and Support Agreement;
WHEREAS, pursuant to Section 13 of the Forfeiture and Support Agreement, such agreement may only be changed, amended or modified by a written instrument executed by all parties thereto (including each addressee thereof); and
WHEREAS, Buyer, Sponsor, the Individual Class B Holders, CORE, Fathom and the Fathom Blockers desire to amend certain provisions of the Forfeiture and Support Agreement as set forth herein.
NOW, THEREFORE, in consideration of the premises and mutual agreements hereinafter set out and of other good and valuable consideration (the receipt and sufficiency of which are hereby acknowledged), the parties hereby agree as follows:
1. Amendments to the Forfeiture and Support Agreement. Effective as of the date hereof:
a. Amendment to Section 2. Section 2 of the Forfeiture and Support Agreement is hereby amended and replaced in its entirety with the following:
Effective upon and subject to the Closing, (a) Sponsor and each Individual Class B Holder shall irrevocably automatically forfeit and surrender, for no additional consideration and without any further action on the part of any other Person, its respective allocable portion of the Forfeited Shares (as defined below), which would otherwise be held by the Sponsor or such Individual Class B Holders as a result of the automatic conversion of shares of Altimar Class C Common Stock after giving effect to the Anti-dilution Waiver (the Forfeiture), the Domestication and the Closing and (b) Buyer acknowledges and agrees to, immediately following the Forfeiture, issue 1,293,750 additional newly issued shares of Altimar Class A Common Stock which shall be allocated in accordance with the terms and conditions of the Business Combination Agreement and the Allocation Statement.
b. Amendment to Section 11. Clause (a) of Section 11 of the Forfeiture and Support Agreement is hereby amended to replace $15.00 per share with $12.50 per share.
c. Amendment to Section 12(d). Section 12(d) of the Forfeiture and Support Agreement is hereby amended and replaced in its entirety with the following:
Forfeited Shares means 2,587,500 aggregate shares of Altimar Class A Common Stock allocated among Sponsor and the Individual Class B Holders as set forth in Schedule B. Forfeited shall have a correlative meaning to Forfeiture for purposes of this Agreement.
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d. Additional Schedules. Schedule A and Schedule B to this Letter Agreement are hereby added, respectively, as Schedule A and Schedule B to the Forfeiture and Support Agreement.
2. Miscellaneous. The terms, conditions and provisions of the Forfeiture and Support Agreement, as amended by this Letter Agreement, remain in full force and effect. The execution, delivery and effectiveness of this Letter Agreement shall not operate as a waiver of any right, power or remedy of any party under the Forfeiture and Support Agreement, nor constitute a waiver or amendment of any provision of the Forfeiture and Support Agreement. This Letter Agreement shall be governed by, and otherwise construed in accordance with, the terms of the Forfeiture and Support Agreement, as though the other provisions of this Letter Agreement were set forth in the Forfeiture and Support Agreement. This Letter Agreement may be executed in counterparts (including by means of facsimile or scanned and emailed signature pages), any one of which need not contain the signatures of more than one party, but all such counterparts taken together shall constitute one and the same agreement.
[Signature Pages Follow]
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ALTIMAR SPONSOR II, LLC | ||
By: | /s/ Tom Wasserman | |
Name: Tom Wasserman | ||
Title: Chief Executive Officer |
INDIVIDUAL CLASS B HOLDERS | ||
By: | /s/ Kevin Beebe | |
Name: Kevin Beebe |
INDIVIDUAL CLASS B HOLDERS | ||
By: | /s/ Payne Brown | |
Name: Payne Brown |
INDIVIDUAL CLASS B HOLDERS | ||
By: | /s/ Rick Jelinek | |
Name: Rick Jelinek |
INDIVIDUAL CLASS B HOLDERS | ||
By: | /s/ Roma Khanna | |
Name: Roma Khanna |
INDIVIDUAL CLASS B HOLDERS | ||
By: | /s/ Michael Rubenstein | |
Name: Michael Rubenstein |
INDIVIDUAL CLASS B HOLDERS | ||
By: | /s/ Vijay Sondhi | |
Name: Vijay Sondhi |
INDIVIDUAL CLASS B HOLDERS | ||
By: | /s/ Michael Vorhaus | |
Name: Michael Vorhaus |
Agreed and accepted as of the date set forth above:
ALTIMAR ACQUISITION CORP. II
By: | /s/ Tom Wasserman | |||
Name: | Tom Wasserman | |||
Title: | Chief Executive Officer |
FATHOM HOLDCO, LLC
By: | /s/ John May | |||
Name: | John May | |||
Title: | President |
CORE INDUSTRIAL PARTNERS, LLC
By: | /s/ John May | |||
Name: | John May | |||
Title: | President |
CORE FUND I BLOCKER-5 LLC
By: | /s/ John May | |||
Name: | John May | |||
Title: | Managing Partner |
CORE FUND I BLOCKER-2, LLC
By: | /s/ John May | |||
Name: | John May | |||
Title: | Managing Partner |
[Signature Page to Sponsor Agreement]
SG (MCT) BLOCKER, LLC
By: | /s/ Joshua Posner | |||
Name: | Joshua Posner | |||
Title: | Authorized Signatory |
[Signature Page to Sponsor Agreement]
SCHEDULE A
INDIVIDUAL CLASS B HOLDER OWNERSHIP
Holder | Cayman Class B Shares Owned | |||
Kevin Beebe | 25,000 | |||
Payne Brown | 25,000 | |||
Rick Jelinek | 25,000 | |||
Roma Khanna | 25,000 | |||
Michael Rubenstein | 25,000 | |||
Vijay Sondhi | 25,000 | |||
Michael Vorhaus | 25,000 |
SCHEDULE B
FORFEITED SHARES
Holder | Cayman Class B Shares Forfeited | |||
ALTIMAR SPONSOR II, LLC | 2,535,000 | |||
Kevin Beebe | 7,500 | |||
Payne Brown | 7,500 | |||
Rick Jelinek | 7,500 | |||
Roma Khanna | 7,500 | |||
Michael Rubenstein | 7,500 | |||
Vijay Sondhi | 7,500 | |||
Michael Vorhaus | 7,500 |