Document:

Exhibit 10.4

   

  PRIVATE PLACEMENT WARRANTS PURCHASE AGREEMENT

   

  THIS PRIVATE PLACEMENT WARRANTS PURCHASE AGREEMENT (as it may from time to time be amended and including all exhibits
    referenced herein, this “Agreement”), dated as of November 8, 2021, is entered into by and between DP Cap Acquisition Corp I, a company incorporated as a Cayman Islands exempted company (the “Company”), and DP
    Investment Management Sponsor I LLC, a Cayman Islands limited liability company (the “Purchaser”).

   

  WHEREAS, the Company intends to consummate an initial public offering of the Company’s units (the “Public
          Offering”), each unit consisting of one Class A ordinary share of the Company, par value $0.0001 per share (a “Share”), and one-half of one redeemable warrant, each whole warrant entitling the holder to purchase
    one Share at an exercise price of $11.50 per Share, as set forth in the Company’s Registration Statement on Form S-1, filed with the U.S. Securities and Exchange Commission (the “SEC”), File Number 333-260456 (the “Registration

          Statement”), under the Securities Act of 1933, as amended (the “Securities Act”); and

   

  WHEREAS, the Purchaser has agreed to purchase, at a price of $1.50 per warrant, an aggregate of 4,333,333 warrants
    (and up to 400,000 additional warrants depending on the extent to which the underwriter in the Public Offering exercises its option to purchase additional units) (the “Private Placement Warrants”), each Private Placement Warrant
    entitling the holder to purchase one Share at an exercise price of $11.50 per Share.

   

  NOW THEREFORE, in consideration of the mutual promises contained in this Agreement and other good and valuable
    consideration, the receipt and sufficiency of which are hereby acknowledged, the parties to this Agreement hereby, intending legally to be bound, agree as follows:

   

  AGREEMENT

   

  Section 1.       Authorization, Purchase and Sale; Terms of the Private Placement Warrants.

   

  A.           Authorization of the Private Placement Warrants.  The Company has duly authorized the issuance
    and sale of the Private Placement Warrants to the Purchaser.

   

  B.           Purchase and Sale of the Private Placement Warrants.

   

  (i)           On the date of the consummation of the Public Offering or on such earlier time and date as may be
    mutually agreed by the Purchaser and the Company (the “IPO Closing Date”), the Company shall issue and sell to the Purchaser, and the Purchaser shall purchase from the Company, 4,333,333 Private Placement Warrants at a price of
    $1.50 per warrant for an aggregate purchase price of $6,499,999.50 (the “Purchase Price”). The Purchaser shall pay, at least one (1) business day prior to the IPO Closing Date, the Purchase
    Price by wire transfer of immediately available funds, consisting of (i) $5,000,000 to the trust account, at a financial institution to be chosen by the Company, maintained by Continental Stock Transfer & Trust Company, acting as trustee, in
    accordance with the Company’s wiring instructions (the “Trust Account”), and (ii) $1,499,999.50 to, or on behalf of, the Company in accordance with the Company’s wiring instructions. On the IPO Closing Date, subject to receipt of
    funds pursuant to the immediately prior sentence, the Company, at its option, shall deliver a certificate evidencing the Private Placement Warrants purchased on such date duly registered in the Purchaser’s name to the Purchaser or effect such delivery
    in book-entry form.

   

  
     

    
      
 

  

   

  (ii)          On the date of the consummation of the closing of any over-allotment option, in connection with the
    Public Offering or on such earlier time and date as may be mutually agreed by the Purchaser and the Company (an “Over-allotment Closing Date,” and each Over-allotment Closing Date (if any) and the IPO Closing Date, a “Closing

          Date”), the Company shall issue and sell to the Purchaser, and the Purchaser shall purchase from the Company, up to 400,000 Private Placement Warrants (or, to the extent the over-allotment option is not exercised in full, a lesser
    number of Private Placement Warrants in proportion to the portion of the over-allotment option that is then exercised) at a price of $1.50 per warrant for an aggregate purchase price of up to $600,000 (if the over-allotment option is exercised in full)
    (the “Over-allotment Purchase Price”).  The Purchaser shall pay the Over-allotment Purchase Price in accordance with the Company’s wire instruction by wire transfer of immediately available funds to the Company or the Trust Account
    (as set forth in the wire instructions), at least one (1) business day prior to the Over-allotment Closing Date. On each Over-allotment Closing Date, subject to receipt of funds pursuant to the immediately prior sentence, the Company shall, at its
    option, deliver a certificate evidencing the Private Placement Warrants purchased on such Closing Date duly registered in the Purchaser’s name to the Purchaser or effect such delivery in book-entry form.

   

  C.           Terms of the Private Placement Warrants.

   

  (i)           Each Private Placement Warrant shall have the terms set forth in a Warrant Agreement to be entered into
    by the Company and a warrant agent in connection with the Public Offering (the “Warrant Agreement”).

   

  (ii)          On or prior to the IPO Closing Date, the Company and the Purchaser shall enter into a registration
    rights agreement (the “Registration Rights Agreement”) pursuant to which the Company will grant certain registration rights to the Purchaser relating to the Private Placement Warrants and the Shares underlying the Private Placement
    Warrants.

   

  Section 2.       Representations and Warranties of the Company.

   

  As a material inducement to the Purchaser to enter into this Agreement and purchase the Private Placement Warrants,
    the Company hereby represents and warrants to the Purchaser (which representations and warranties shall survive each Closing Date) that:

   

  A.           Incorporation and Corporate Power. The Company is an exempted company duly incorporated, validly
    existing and in good standing under the laws of the Cayman Islands and is qualified to do business in every jurisdiction in which the failure to so qualify would reasonably be expected to have a material adverse effect on the financial condition,
    operating results or assets of the Company. The Company possesses all requisite corporate power and authority necessary to carry out the transactions contemplated by this Agreement and the Warrant Agreement.

   

  
    2 

    
      
 

  

   

  B.           Authorization; No Breach.

   

  (i)           The execution, delivery and performance of this Agreement and the Private Placement Warrants have been
    duly authorized by the Company as of each Closing Date. This Agreement constitutes the valid and binding obligation of the Company, enforceable in accordance with its terms, subject to bankruptcy, insolvency, fraudulent conveyance, reorganization,
    moratorium and other laws of general applicability relating to or affecting creditors’ rights and to general equitable principles (whether considered in a proceeding in equity or law). Upon issuance in accordance with, and payment pursuant to, the
    terms of the Warrant Agreement and this Agreement, the Private Placement Warrants will constitute valid and binding obligations of the Company, enforceable in accordance with their terms as of the applicable Closing Date.

   

  (ii)          The execution and delivery by the Company of this Agreement and the Private Placement Warrants, the
    issuance and sale of the Private Placement Warrants, the issuance of the Shares upon exercise of the Private Placement Warrants and the fulfillment of and compliance with the respective terms hereof and thereof by the Company, do not and will not as of
    each Closing Date (a) conflict with or result in a breach of the terms, conditions or provisions of, (b) constitute a default under, (c) result in the creation of any lien, security interest, charge or encumbrance upon the Company’s capital stock or
    assets under, (d) result in a violation of, or (e) require any authorization, consent, approval, exemption or other action by or notice or declaration to, or filing with, any court or administrative or governmental body or agency pursuant to the
    memorandum and articles of association of the Company (in effect on the date hereof or as may be amended prior to the applicable Closing Date) or any material law, statute, rule or regulation to which the Company is subject, or any agreement, order,
    judgment or decree to which the Company is subject, except for any filings required after the date hereof under federal or state securities laws.

   

  C.           Title to Securities. Upon issuance in accordance with, and payment pursuant to, the terms hereof
    and the Warrant Agreement and the amended and restated memorandum and articles of association of the Company, and upon registration in the Company’s register of members, the Shares issuable upon exercise of the Private Placement Warrants will be duly
    and validly issued, fully paid and nonassessable. On the date of issuance of the Private Placement Warrants, the shares issuable upon exercise of the Private Placement Warrants shall have been reserved for issuance in accordance with the terms of this
    agreement. Upon issuance in accordance with, and payment pursuant to, the terms hereof and the Warrant Agreement and upon registration in the Company’s register of members, the Purchaser will have good title to the Private Placement Warrants purchased
    by it and the Shares issuable upon exercise of such Private Placement Warrants, free and clear of all liens, claims and encumbrances of any kind, other than (i) transfer restrictions hereunder and under the other agreements contemplated hereby, (ii)
    transfer restrictions under federal and state securities laws, and (iii) liens, claims or encumbrances imposed due to the actions of the Purchaser.

   

  D.           Governmental Consents. No permit, consent, approval or authorization of, or declaration to or
    filing with, any governmental authority is required in connection with the execution, delivery and performance by the Company of this Agreement or the consummation by the Company of any other transactions contemplated hereby, except for applicable
    requirements of the Securities Act.

   

  
    3 

    
      
 

  

   

  Section 3.       Representations and Warranties of the Purchaser. 

   

  As a material inducement to the Company to enter into this Agreement and issue and sell the Private Placement
    Warrants to the Purchaser, the Purchaser hereby represents and warrants to the Company (which representations and warranties shall survive each Closing Date) that:

   

  A.           Organization and Requisite Authority. The Purchaser possesses all requisite power and authority
    necessary to carry out the transactions contemplated by this Agreement.

   

  B.           Authorization; No Breach.

   

  (i)           This Agreement constitutes a valid and binding obligation of the Purchaser, enforceable in accordance
    with its terms, subject to bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and other laws of general applicability relating to or affecting creditors’ rights and to general equitable principles (whether considered in a
    proceeding in equity or law).

   

  (ii)          The execution and delivery by the Purchaser of this Agreement and the fulfillment of and compliance
    with the terms hereof by the Purchaser does not and shall not as of each Closing Date (a) conflict with or result in a breach by the Purchaser of the terms, conditions or provisions of, (b) constitute a default under, (c) result in the creation of any
    lien, security interest, charge or encumbrance upon the Purchaser’s equity or assets under, (d) result in a violation of, or (e) require any authorization, consent, approval, exemption or other action by or notice or declaration to, or filing with, any
    court or administrative or governmental body or agency pursuant to the Purchaser’s organizational documents (in effect on the date hereof or as may be amended prior to the applicable Closing Date), or any material law, statute, rule or regulation to
    which the Purchaser is subject, or any agreement, instrument, order, judgment or decree to which the Purchaser is subject, except for any filings required after the date hereof under federal or state securities laws.

   

  C.           Investment Representations.

   

  (i)           The Purchaser is acquiring the Private Placement Warrants and, upon exercise of the Private Placement
    Warrants, the Shares issuable upon such exercise (collectively, the “Securities”) for its own account, for investment purposes only and not with a view towards, or for resale in connection with, any public sale or distribution
    thereof.

   

  (ii)          The Purchaser understands that the Securities are being offered and will be sold to it in reliance on
    specific exemptions from the registration requirements of the United States federal and state securities laws and that the Company is relying upon the truth and accuracy of, and the Purchaser’s compliance with, the representations and warranties of the
    Purchaser set forth herein in order to determine the availability of such exemptions and the eligibility of the Purchaser to acquire such Securities.

   

  (iii)         The Purchaser did not decide to enter into this Agreement as a result of any general solicitation or
    general advertising within the meaning of Rule 502(c) under the Securities Act.

   

  
    4 

    
      
 

  

   

   (iv)         The Purchaser has been furnished with all materials relating to the business, finances and operations
    of the Company and materials relating to the offer and sale of the Securities which have been requested by the Purchaser. The Purchaser has been afforded the opportunity to ask questions of the executive officers and directors of the Company. The
    Purchaser understands that its investment in the Securities involves a high degree of risk and it has sought such accounting, legal and tax advice as it has considered necessary to make an informed investment decision with respect to the acquisition of
    the Securities.

   

  

  (v)          The Purchaser understands that no United States federal or state agency or any other government or
    governmental agency has passed on or made any recommendation or endorsement of the Securities or the fairness or suitability of the investment in the Securities by the Purchaser nor have such authorities passed upon or endorsed the merits of the
    offering of the Securities.

    

  

  (vi)          The Purchaser understands that: (a) the Securities have not been and are not being registered under the
    Securities Act or any state securities laws, and may not be offered for sale, sold, assigned or transferred unless (i) subsequently registered thereunder or (ii) sold in reliance on an exemption therefrom; (b) except as specifically set forth in the
    Registration Rights Agreement, neither the Company nor any other person is under any obligation to register the Securities under the Securities Act or any state securities laws or to comply with the terms and conditions of any exemption thereunder; and
    (c) Rule 144 adopted pursuant to the Securities Act will not be available for resale transactions of Securities prior to a Business Combination and may not be available for resale transactions of Securities after a Business Combination.

   

  (vii)         The Purchaser has such knowledge and experience in financial and business matters, knowledge of the
    high degree of risk associated with investments in the securities of companies in the development stage such as the Company, is capable of evaluating the merits and risks of an investment in the Securities and is able to bear the economic risk of an
    investment in the Securities in the amount contemplated hereunder for an indefinite period of time. The Purchaser has adequate means of providing for its current financial needs and contingencies and will have no current or anticipated future needs for
    liquidity which would be jeopardized by the investment in the Securities. The Purchaser can afford a complete loss of its investments in the Securities.

   

  (viii)        The Purchaser acknowledges and agrees that the Private Placement Warrants will bear a legend
    substantially in the form set forth in the Warrant Agreement.

   

  (iv)          The Purchaser is an “accredited investor” as such term is defined in Rule 501(a)(3) of Regulation D
    under the Securities Act and the Purchaser has not experienced a disqualifying event as enumerated pursuant to Rule 506(d) of Regulation D under the Securities Act.

   

  Section 4.       Conditions of the Purchaser’s Obligations.

   

  The obligations of the Purchaser to purchase and pay for the Private Placement Warrants are subject to the
    fulfillment, on or before each Closing Date, of each of the following conditions:

   

  A.           Representations and Warranties. The representations and warranties of the Company contained in
    Section 2 shall be true and correct at and as of such Closing Date as though then made.

   

  B.           Performance. The Company shall have performed and complied with all agreements, obligations and
    conditions contained in this Agreement that are required to be performed or complied with by it on or before such Closing Date.

   

  
    5 

    
      
 

  

   

  C.           No Injunction. No litigation, statute, rule, regulation, executive order, decree, ruling or
    injunction shall have been enacted, entered, promulgated or endorsed by or in any court or governmental authority of competent jurisdiction or any self-regulatory organization having authority over the matters contemplated hereby, which prohibits the
    consummation of any of the transactions contemplated by this Agreement or the Warrant Agreement.

   

  D.           Warrant Agreement. The Company shall have entered into the Warrant Agreement on terms
    satisfactory to the Purchaser.

   

  Section 5.       Conditions of the Company’s Obligations.

   

  The obligations of the Company to the Purchaser under this Agreement are subject to the fulfillment, on or before
    each Closing Date, of each of the following conditions:

   

  A.           Representations and Warranties. The representations and warranties of the Purchaser contained in
    Section 3 shall be true and correct at and as of such Closing Date as though then made.

   

  B.           Performance. The Purchaser shall have performed and complied with all agreements, obligations and
    conditions contained in this Agreement that are required to be performed or complied with by the Purchaser on or before such Closing Date.

   

  C.           Corporate Consents. The Company shall have obtained the consent of its Board of Directors
    authorizing the execution, delivery and performance of this Agreement and the Warrant Agreement and the issuance and sale of the Private Placement Warrants hereunder.

   

  D.           No Injunction. No litigation, statute, rule, regulation, executive order, decree, ruling or
    injunction shall have been enacted, entered, promulgated or endorsed by or in any court or governmental authority of competent jurisdiction or any self-regulatory organization having authority over the matters contemplated hereby, which prohibits the
    consummation of any of the transactions contemplated by this Agreement or the Warrant Agreement.

   

  E.           Warrant Agreement. The Company shall have entered into the Warrant Agreement.

   

  Section 6.       Definitions.

   

  Terms used but not otherwise defined in this Agreement shall have the meaning assigned to such terms in the
    Registration Statement.

   

  Section 7.       Miscellaneous.

   

  A.           Successors and Assigns. Except as otherwise expressly provided herein, all covenants and
    agreements contained in this Agreement by or on behalf of any of the parties hereto shall bind and inure to the benefit of the respective successors of the parties hereto whether so expressed or not. Notwithstanding the foregoing or anything to the
    contrary herein, the parties may not assign this Agreement, other than assignments by the Purchaser to affiliates thereof (including, without limitation one or more of its members).

   

  
    6 

    
      
 

  

   

  B.           Severability. Whenever possible, each provision of this Agreement shall be interpreted in such
    manner as to be effective and valid under applicable law, but if any provision of this Agreement is held to be prohibited by or invalid under applicable law, such provision shall be ineffective only to the extent of such prohibition or invalidity,
    without invalidating the remainder of this Agreement.

   

  C.           Counterparts. This Agreement may be executed simultaneously in two or more counterparts, none of
    which need contain the signatures of more than one party, but all such counterparts taken together shall constitute one and the same agreement. Signatures to this Agreement transmitted via facsimile or e-mail shall be valid and effective to bind the
    party so signing.

   

  D.           Descriptive Headings; Interpretation. The descriptive headings of this Agreement are inserted for
    convenience only and do not constitute a substantive part of this Agreement. The use of the word “including” in this Agreement shall be by way of example rather than by limitation.

   

  E.           Governing Law. This Agreement shall be deemed to be a contract made under the laws of the State
    of New York and for all purposes shall be construed in accordance with the internal laws of the State of New York, without giving effect to conflicts of law principles that would result in the application of the laws of another jurisdiction.

   

  F.            Amendments. This Agreement may not be amended, modified or waived as to any particular
    provision, except by a written instrument executed by the parties hereto.

   

  [Signature page follows]

   

  
    7 

    
      
 

  

   

  IN WITNESS WHEREOF, the parties hereto have executed this Agreement.

   

  	
           

        	
          COMPANY:

        
	
           

        	
           

        	
           

        	
           

        
	
           

        	
          DP CAP ACQUISITION CORP I

        
	
           

        	
           

        	
           

        	
           

        
	
           

        	
          By:

        	
          /s/ Martin Zinny 

          

        	
           

        
	
           

        	
          Name: Martin Zinny

        
	
           

        	
          Title: Chief Financial Officer

        
	
           

        	
           

        	
           

        	
           

        
	
           

        	
          PURCHASER:

        
	
           

        	
          DP Investment Management Sponsor I LLC

        
	
           

        	
           

        	
           

        	
           

        
	
           

        	
          By:

        	
          /s/ Martin Zinny 

          

        	
           

        
	
           

        	
          Name: Martin Zinny

        
	
           

        	
          Title: Chief Financial Officer

        

  

  

  [Signature Page to Private Placement Warrants Agreement]Exhibit 10.5

   

    

  THIS PROMISSORY NOTE (THIS “NOTE”) HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”). THIS NOTE HAS BEEN ACQUIRED FOR INVESTMENT
    ONLY AND MAY NOT BE SOLD,  TRANSFERRED OR ASSIGNED IN THE ABSENCE OF REGISTRATION OF THE RESALE THEREOF UNDER THE SECURITIES ACT OR AN OPINION OF COUNSEL REASONABLY SATISFACTORY IN FORM, SCOPE AND SUBSTANCE TO THE COMPANY THAT SUCH REGISTRATION IS NOT
    REQUIRED. 

    

   

  PROMISSORY NOTE

   

  	
          Principal Amount: Up to $4,600,000

        	
          Dated as of November 8, 2021

        

                                                                                                                                                                       
                                      

  DP Cap Acquisition Corp I, a Cayman Islands exempted company and blank check company (the “Maker”), promises to pay to the order of DP Investment Management
    Sponsor I LLC, a Cayman Islands limited liability company, or its registered assigns or successors in interest or order (the “Payee”), the principal sum of Four Million Six Hundred Thousand Dollars ($4,600,000.00) or such less amount as shall
    have been advanced by Payee to Maker and shall remain unpaid under this Note on the Maturity Date (as defined below) in lawful money of the United States of America, on the terms and conditions described below. All payments on this Note (unless the
    full principal is converted pursuant to Section 16 below) shall be made by check or wire transfer of immediately available funds to such account as the Payee may from time to time designate by written notice in accordance with the provisions of this
    Note.

   

  1.            Repayment. The entire unpaid principal balance of this Note shall be payable by Maker on the earlier of (such date, the “Maturity Date”),

    (a) the date on which Maker consummates its initial business combination and (b) the date of the liquidation of Maker. The principal balance may be prepaid at any time, at the election of Maker. Under no circumstances shall any individual, including
    but not limited to any officer, director, employee or shareholder of the Maker, be obligated personally for any obligations or liabilities of the Maker hereunder.

   

  2.            Interest. This Note shall be non-interest bearing.

   

  3.            Drawdown Requests. Maker and Payee agree that Maker may request Four Million Dollars ($4,000,000.00) to fund the trust account established
    in connection with the Maker’s initial public offering (the “Trust Account”) to a value of $10.20 per public share sold in such initial public offering (the “Trust Account Funding Level”), on the date of the consummation of such offering,
    solely for deposit into the Trust Account. The remaining undrawn principal of this Note may be drawn down on the date of the consummation of the underwriter’s over-allotment option in connection with the initial public offering, solely for deposit into
    the Trust Account to ensure that the Trust Account Funding Level is maintained at $10.20 per share sold in the Maker’s initial public offering, in an amount proportionate to the exercise of such over-allotment option. Once an amount is drawn down under
    this Note, it shall not be available for future drawdown. No fees, payments or other amounts shall be due to Payee in connection with, or as a result of, any Drawdown Request by Maker under this Note.

   

  4.            Application of Payments. All payments received by Payee pursuant to this Note shall be applied first to the payment in full of any costs
    incurred in the collection of any sum due under this Note, including (without limitation) reasonable attorney’s fees, and then to the reduction of the unpaid principal balance of this Note.

   

  5.            Events of Default. The following shall constitute an event of default (“Event of Default”):

   

  (a)           Failure to Make Required Payments. Failure by Maker to pay the principal amount due pursuant to this Note within five (5) business days of the
    Maturity Date.

   

  
     

    
      
 

  

   

  (b)          Voluntary Bankruptcy, Etc. The commencement by Maker of a voluntary case under any applicable bankruptcy, insolvency, reorganization, rehabilitation
    or other similar law, or the consent by it to the appointment of or taking possession by a receiver, liquidator, assignee, trustee, custodian, sequestrator (or other similar official) of Maker or for any substantial part of its property, or the making
    by it of any assignment for the benefit of creditors, or the failure of Maker generally to pay its debts as such debts become due, or the taking of corporate action by Maker in furtherance of any of the foregoing.

   

  (c)           Involuntary Bankruptcy, Etc. The entry of a decree or order for relief by a court having jurisdiction in the premises in respect of Maker in an
    involuntary case under any applicable bankruptcy, insolvency or other similar law, or appointing a receiver, liquidator, assignee, custodian, trustee, sequestrator (or similar official) of Maker or for any substantial part of its property, or ordering
    the winding-up or liquidation of its affairs, and the continuance of any such decree or order unstayed and in effect for a period of 60 consecutive days.

   

  6.            Remedies.

   

  (a)           Upon the occurrence of an Event of Default specified in Section 5(a) hereof, Payee may, by written notice to Maker, declare this Note to be due immediately
    and payable, whereupon the unpaid principal amount of this Note, and all other amounts payable hereunder, shall become immediately due and payable without presentment, demand, protest or other notice of any kind, all of which are hereby expressly
    waived, anything contained herein or in the documents evidencing the same to the contrary notwithstanding.

   

  (b)          Upon the occurrence of an Event of Default specified in Sections 5(b) or 5(c) hereof, the unpaid principal balance of this Note, and all other amounts
    payable hereunder, shall automatically and immediately become due and payable, in all cases without any action on the part of Payee.

   

  7.            United States Tax Matters. The parties hereto hereby acknowledge and agree that, notwithstanding that the Note is titled as “ Promissory
    Note,” for United States federal and state income tax purposes the Note is, and at all times has been, more properly characterized as equity. Accordingly, except as otherwise required by a taxing authority following a good faith resolution of an audit,
    the parties agree to treat the Note as equity for all United States federal and state income tax purposes, and further, for the avoidance of doubt, the Maker hereby agrees that, with regard specifically to the rule set forth in Section 385 of the
    Internal Revenue Code of 1986, as amended, the Maker will treat the Note as equity as of the time of issuance. The parties shall prepare all required United States federal and applicable state tax returns and reports consistent with the treatment
    described in this Section 7.

   

  8.            Waivers. Maker and all endorsers and guarantors of, and sureties for, this Note waive presentment for payment, demand, notice of dishonor,
    protest, and notice of protest with regard to this Note, all errors, defects and imperfections in any proceedings instituted by Payee under the terms of this Note, and all benefits that might accrue to Maker by virtue of any present or future laws
    exempting any property, real or personal, or any part of the proceeds arising from any sale of any such property, from attachment, levy or sale under execution, or providing for any stay of execution, exemption from civil process, or extension of time
    for payment; and Maker agrees that any real or personal property that may be levied upon pursuant to a judgment obtained by virtue hereof, on any writ of execution issued hereon, may be sold upon any such writ in whole or in part in any order desired
    by Payee.

   

  
    2 

    
      
 

  

   

  9.            Unconditional Liability. Maker hereby waives all notices in connection with the delivery, acceptance, performance, default, or enforcement
    of the payment of this Note, and agrees that its liability shall be unconditional, without regard to the liability of any other party, and shall not be affected in any manner by any indulgence, extension of time, renewal, waiver or modification granted
    or consented to by Payee, and consents to any and all extensions of time, renewals, waivers, or modifications that may be granted by Payee with respect to the payment or other provisions of this Note, and agrees that additional makers, endorsers,
    guarantors, or sureties may become parties hereto without notice to Maker or affecting Maker’s liability hereunder.

   

  10.          Notices. All notices, statements or other documents which are required or contemplated by this Note shall be: (i) in writing and delivered
    personally or sent by first class registered or certified mail, overnight courier service or facsimile or electronic transmission to the address designated in writing, (ii) by facsimile to the number most recently provided to such party or such other
    address or fax number as may be designated in writing by such party and (iii) by electronic mail, to the electronic mail address most recently provided to such party or such other electronic mail address as may be designated in writing by such party.
    Any notice or other communication so transmitted shall be deemed to have been given on the day of delivery, if delivered personally, on the business day following receipt of written confirmation, if sent by facsimile or electronic transmission, one (1)
    business day after delivery to an overnight courier service or five (5) days after mailing if sent by mail.

   

  11.          Construction. THIS NOTE SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE LAWS OF NEW YORK, WITHOUT REGARD TO THE CONFLICT OF LAWS
    PROVISIONS THEREOF.

   

  12.          Severability. Any provision contained in this Note which is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction,
    be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in
    any other jurisdiction.

   

  13.          Trust Waiver. Notwithstanding anything herein to the contrary, Payee hereby waives any and all right, title, interest or claim of any kind (“Claim”)

    in or to any distribution of or from the trust account (the “Trust Account”) established in connection with Maker’s initial public offering, and hereby agrees not to seek recourse, reimbursement, payment or satisfaction for any Claim against the
    Trust Account for any reason whatsoever; provided, however, that upon the consummation of the initial business combination, Maker shall repay the principal balance of this Note out of the proceeds released to Maker from the Trust Account.

   

  14.          Amendment; Waiver. Any amendment hereto or waiver of any provision hereof may be made with, and only with, the written consent of Maker and
    Payee.

   

  
    3 

    
      
 

  

   

  15.          Assignment. No assignment or transfer of this Note or any rights or obligations hereunder may be made by any party hereto (by operation of law
    or otherwise) without the prior written consent of the other party hereto and any attempted assignment without the required consent shall be void; provided, however, that the foregoing shall not apply to an affiliate of Payee who agrees to be
    bound to the terms of this Note.

   

  16.          Conversion.

   

  (a)           Notwithstanding anything contained in this Note to the contrary, at Payee’s option, at any time prior to payment in full of the principal balance of this
    Note, Payee may elect to convert all or any portion of the unpaid principal balance of this Note into that number of warrants at the conversion price of $1.50 per warrant (the “Conversion Warrants”), equal to: (x) the portion of the
    principal amount of this Note being converted pursuant to this Section 16, divided by (y) $1.50, rounded up to the nearest whole number of warrants. The Conversion Warrants shall be identical to the units issued by the Maker to the Payee in a private
    placement upon consummation of the Maker’s initial public offering. The Conversion Warrants and their underlying securities, and any other equity security of Maker issued or issuable with respect to the foregoing by way of a share dividend or share
    split or in connection with a combination of shares, recapitalization, amalgamation, consolidation or reorganization, shall be entitled to the registration rights set forth in Section 17 hereof.

   

  (b)          Upon any complete or partial conversion of the principal amount of this Note, (i) such principal amount shall be so converted and such converted portion of
    this Note shall become fully paid and satisfied, (ii) Payee shall surrender and deliver this Note, duly endorsed, to Maker or such other address which Maker shall designate against delivery of the Conversion Warrants, (iii) Maker shall promptly deliver
    a new duly executed Note to Payee in the principal amount that remains outstanding, if any, after any such conversion and (iv) in exchange for all or any portion of the surrendered Note, Maker shall, at the direction of Payee, deliver to Payee (or its
    members or their respective affiliates) (Payee or such other persons, the “Holders”) the Conversion Warrants, which shall bear such legends as are required, in the opinion of counsel to Maker or by any other agreement between Maker and Payee and
    applicable state and federal securities laws.

   

  (c)           The Holders shall pay any and all issue and other taxes that may be payable with respect to any issue or delivery of the Conversion Warrants upon
    conversion of this Note pursuant hereto; provided, however, that the Holders shall not be obligated to pay any transfer taxes resulting from any transfer requested by the Holders in connection with any such conversion.

   

  (d)          The Conversion Warrants shall not be issued upon conversion of this Note unless such issuance and such conversion comply with all applicable provisions of
    law.

   

  17.          Registration Rights.

   

  (a)           Reference is made to that certain Registration Rights Agreement between Maker and the parties thereto, (the “Registration Rights Agreement”). All
    capitalized terms used in this Section 17 shall have the same meanings ascribed to them in the Registration Rights Agreement.

   

  
    4 

    
      
 

  

   

  (b)          The Holders shall be entitled to one Demand Registration, which shall be subject to the same provisions as set forth in the Registration Rights Agreement.

   

  (c)           The Holders shall also be entitled to include the Conversion Warrants and their underlying securities in Piggyback Registrations, which shall be subject to
    the same provisions as set forth in the Registration Rights Agreement; provided, however, that in the event that an underwriter advises Maker that the Maximum Number of Securities has been exceeded with respect to a Piggyback Registration, the Holders
    shall not have any priority for inclusion in such Piggyback Registration.

   

  (d)          Except as set forth above, the Holders and Maker, as applicable, shall have all of the same rights, duties and obligations set forth in the Registration
    Rights Agreement.

   

   

  

  [Signature Page Follows]

  
    5 

    
      
 

  

   

  IN WITNESS WHEREOF, Maker, intending to be legally bound hereby, has caused this
      Note to be duly executed by the undersigned as of the day and year first above written.

   

  
    	
             

          	
            DP CAP ACQUISITION CORP I 

          
	 	a Cayman Islands exempted company

          
	
             

          	
             

          	
             

          
	
             

          	
            By:

          	
            /s/ Martin Zinny 

            

          
	
             

          	
             

          	
            Name: Martin Zinny

            

          
	
             

          	
             

          	
            Title: CEO

            

          

     

     

    

  

  Accepted and agreed this 8th day of November, 2021

   

   

  

  	
          DP Investment Management Sponsor I LLC

        	
           

        
	
           

        	
           

        	
           

        
	
          By:

        	
          /s/ Martin Zinny 

          

        	
           

        
	
           

        	
          Name: Martin Zinny

          

        	
           

        
	
           

        	
          Title: CEO

          

        	
           

        

   

  [Signature Page to Promissory Note]

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00336-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00336-of-00352.parquet"}]]