Document:

EX-10.8

 Exhibit 10.8 

SUBSCRIBER FORFEITURE AND AMENDMENT 

NO.1 TO THE SECURITIES SUBSCRIPTION 

AGREEMENT 
 September 8, 2022

 dMY Squared Technology Group, Inc. 
 1180 North Town Center
Drive, Suite 100 
 Las Vegas, Nevada 89144 
  

	Re:	 Forfeiture of Subscriber’s dMY Squared Technology Group Class B Common Stock and
Amendment to the Securities Subscription Agreement 

 Ladies and Gentlemen: 

This Subscriber Forfeiture and Amendment No. 1 to the Securities Subscription Agreement (the “Agreement”) is entered into
as of September 8, 2022 by and between dMY Squared Sponsor, LLC, a Delaware limited liability company (the “Subscriber”), and dMY Squared Technology Group, Inc., a Massachusetts corporation (the “Company”).

 WHEREAS, the Company and the Subscriber entered into that certain Securities Subscription Agreement, dated as of March 3,
2022 (as in effect as of the date hereof and as may be further amended, restated, amended and restated, modified, or supplemented from to time, the “Subscription Agreement”) pursuant to which the Subscriber purchased two million,
eight hundred seventy-five thousand (2,875,000) shares of Class B common stock, $0.0001 par value per share, of the Company (the “Shares”), up to three hundred seventy-five thousand (375,000) of which are subject to forfeiture
if the underwriter of the initial public offering (the “IPO”) of units (the “Units”) of the Company, does not fully exercise its over-allotment option (the “Over-allotment Option”); 

WHEREAS, the Company has decided to reduce the size of its IPO from an offering of 10,000,000 Units to an offering of 7,500,000 Units
(the “Adjusted IPO”); 
 WHEREAS, in connection with the Adjusted IPO, the Subscriber desires to forfeit seven
hundred eighteen thousand, seven hundred fifty (718,750) Shares, resulting in an aggregate of two million one hundred fifty-six thousand two hundred fifty (2,156,250) Shares outstanding, of which up to two
hundred eighty-one thousand, two hundred fifty (281,250) Shares are intended to be subject to complete or partial forfeiture by the Subscriber if the underwriter of the Company’s IPO does not fully
exercise its Over-allotment Option as described in the Subscription Agreement; 
 WHEREAS, as a result of such forfeiture, the
per-Share purchase price will increase from approximately $0.009 per Share to approximately $0.012 per Share; 
 AND WHEREAS, the
Company and the Subscriber desire to amend the Subscription Agreement to modify the number of Shares subject to forfeiture in connection with the IPO and the Subscriber desires to provide an irrevocable notice of forfeiture of certain Shares to the
Company; 
 NOW, THEREFORE, in consideration of the mutual conditions and agreements set forth in this Agreement, and other good and
valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and to induce the Company to consummate the Adjusted IPO, the parties hereto hereby agree as follows: 

 1. Forfeiture by Subscriber. 

(a) In connection with and effective as of the date hereof, the Subscriber hereby agrees that seven hundred eighteen thousand, seven hundred
fifty (718,750) Shares shall be automatically forfeited (collectively, the “Subscriber Forfeiture Shares”). 
 (b) The
Subscriber Forfeiture Shares forfeited pursuant to this Section 1 shall be cancelled for no consideration and any certificates representing such Subscriber Forfeiture Shares so forfeited shall be cancelled; provided, that to the extent
any such certificate represents Shares in addition to any Subscriber Forfeiture Shares, which Shares are not forfeited pursuant to the terms hereof, the Company shall reissue such certificate with respect to the Shares not so forfeited. 

2. Amendment to Subscription Agreement. 

(a) Section 3.1 of the Subscription Agreement is hereby amended by deleting the phrase “three hundred seventy-five thousand (375,000)
Shares” in its entirety and by substituting in lieu thereof the phrase “two hundred eighty-one thousand, two hundred fifty (281,250) Shares”. 

(b) Except as modified or amended by this Agreement, the Subscription Agreement remains in full force and effect with respect to the Shares
retained by the Subscriber and not forfeited hereby. 
 3. Subscriber Representations. The Subscriber hereby represents and warrants
to the Company, as of the date hereof, that: 
 (a) the execution, delivery and performance of this Agreement and the consummation by the
Subscriber of the transactions contemplated hereby do not violate, conflict with or constitute a default under (i) the formation and governing documents of the Subscriber, (ii) any agreement, indenture or instrument to which the Subscriber
is a party or (iii) any law, statute, rule or regulation to which the Subscriber is subject, or any agreement, order, judgment or decree to which the Subscriber is subject; 

(b) the Subscriber is a Delaware limited liability company, validly existing and in good standing under the laws of Delaware and possesses all
requisite power and authority necessary to carry out the transactions contemplated by this Agreement. Upon execution and delivery by the Company, this Agreement is a legal, valid and binding agreement of the Subscriber, enforceable against the
Subscriber in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, fraudulent conveyance or similar laws affecting the enforcement of creditors’ rights generally and subject to general
principles of equity (regardless of whether enforcement is sought in a proceeding at law or in equity); and 
 (c) prior to the execution of
this Agreement, the Subscriber has had the opportunity to ask questions of and receive answers from representatives of the Company concerning its investment in the Company, as well as the finances, operations, business and prospects of the Company,
and the opportunity to obtain additional information to verify the accuracy of all information so obtained. In determining whether to forfeit Shares, the Subscriber has relied solely on the Subscriber’s own knowledge and understanding of the
Company and its business based upon the Subscriber’s own due diligence investigation and the information furnished pursuant to this paragraph. The Subscriber understands that no person has been authorized to give any information or to make any
representations which were not furnished pursuant to this Section 3 and the Subscriber has not relied on any other representations or information in making its investment decision, whether written or oral, relating to the Company, its
operations and/or its prospects. 

  
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 4. Further Assurances. The Subscriber agrees to execute such further instruments and
to take such further action as may reasonably be necessary to carry out the intent of this Agreement. 
 5. Notices. All notices,
statements or other documents which are required or contemplated by this Agreement shall be in writing and delivered: (i) 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 or (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. 
 6. Assignment. The rights and obligations under this Agreement may not be assigned by either party hereto
without the prior written consent of the other party. 
 7. Modifications and Amendments. The terms and provisions of this Agreement
may be modified or amended only by written agreement executed by all parties hereto. 
 8. Waivers and Consents. The terms and
provisions of this Agreement may be waived, or consent for the departure therefrom granted, only by a written document executed by the party entitled to the benefits of such terms or provisions. No such waiver or consent shall be deemed to be or
shall constitute a waiver or consent with respect to any other terms or provisions of this Agreement, whether or not similar. Each such waiver or consent shall be effective only in the specific instance and for the purpose for which it was given,
and shall not constitute a continuing waiver or consent. 
 9. Governing Law. This Agreement and the rights and obligations of the
parties hereunder shall be construed in accordance with and governed by the laws of the State of New York applicable to contracts wholly performed within the borders of such state, without giving effect to the conflict of law principles thereof.

 10. Counterparts. This Agreement may be executed in one or more counterparts, all of which when taken together shall be considered
one and the same agreement and shall become effective when counterparts have been signed by each party and delivered to the other party, it being understood that both parties need not sign the same counterpart. In the event that any signature is
delivered by facsimile transmission or any other form of electronic delivery, such signature shall create a valid and binding obligation of the party executing (or on whose behalf such signature is executed) with the same force and effect as if such
signature page were an original thereof. 
 [Signature Pages Follow] 

  
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 IN WITNESS WHEREOF, the undersigned has caused this Letter Agreement to be duly executed as
of the date first above written. 
  

			
	COMPANY:
	
	DMY SQUARED TECHNOLOGY GROUP, INC.
		
	By:	 	/s/ Harry L. You
	Name:	 	Harry L. You
	Title:	 	Co-Chief Executive Officer and Chairman

 [Signature Page to Sponsor Forfeiture Agreement] 

 IN WITNESS WHEREOF, the undersigned has caused this Letter Agreement to be duly executed as
of the date first above written. 
  

			
	SUBSCRIBER:
	
	DMY SQUARED SPONSOR, LLC
		
	By:	 	/s/ Harry L. You
	Name:	 	Harry L. You
	Title:	 	Manager

  

			
	NOTICE INFORMATION:
		
	Address:	 	1180 North Town Center Drive
		 	Suite 100
		 	Las Vegas, Nevada
		 	89144
	Attention:	 	Harry L. You
	Email:	 	harry@dmytechnology.com

 [Signature Page to Sponsor Forfeiture Agreement]EX-10.9

 Exhibit 10.9 

DMY SQUARED TECHNOLOGY GROUP, INC. 

1180 North Town Center Drive, Suite 100 

Las Vegas, NV 89144 
 , 2022 

dMY Squared Sponsor, LLC 
 1180 North Town Center Drive, Suite
100 
 Las Vegas, NV 89144 
  

	 	Re:	 Form of Administrative Services Agreement 

Ladies and Gentlemen: 
 This letter agreement
(this “Agreement”) by and among dMY Squared Technology Group, Inc. (the “Company”) and dMY Squared Sponsor, LLC (the “Sponsor”), dated as of the date hereof, will confirm our
agreement that, commencing on the date the securities of the Company are first listed on the NYSE American (the “Listing Date”), pursuant to a Registration Statement on Form S-1 and
prospectus filed with the U.S. Securities and Exchange Commission (the “Registration Statement”), and continuing until the earlier of the consummation by the Company of an initial business combination or the Company’s
liquidation (in each case as described in the Registration Statement) (such earlier date hereinafter referred to as the “Termination Date”): 

1. The Sponsor shall make available, or cause to be made available, to the Company, at 1180 North Town Center Drive, Suite 100, Las Vegas, NV
89144 (or any successor location), office space and secretarial and administrative services as may be reasonably required by the Company. In exchange therefor, the Company shall pay the Sponsor $10,000 per month on the Listing Date and continuing
monthly thereafter until the Termination Date; and 
 2. The Sponsor hereby irrevocably waives any and all right, title, interest, causes of
action and claims of any kind as a result of, or arising out of, this Agreement (each, a “Claim”) in or to, and any and all right to seek payment of any amounts due to it out of, the trust account established for the benefit
of the public shareholders of the Company and into which substantially all of the proceeds of the Company’s initial public offering will be deposited (the “Trust Account”), and hereby irrevocably waives any Claim it may
have in the future as a result of, or arising out of, this Agreement, which Claim would reduce, encumber or otherwise adversely affect the Trust Account or any monies or other assets in the Trust Account, and further agrees not to seek recourse,
reimbursement, payment or satisfaction of any Claim against the Trust Account or any monies or other assets in the Trust Account for any reason whatsoever. 

This Agreement constitutes the entire agreement and understanding of the parties hereto in respect of its subject matter and supersedes all
prior understandings, agreements, or representations by or among the parties hereto, written or oral, to the extent they relate in any way to the subject matter hereof or the transactions contemplated hereby. 

This Agreement may not be amended, modified or waived as to any particular provision, except by a written instrument executed by the parties
hereto. 
 No party hereto may assign either this Agreement or any of its rights, interests, or obligations hereunder without the prior
written approval of the other party. Any purported assignment in violation of this paragraph shall be void and ineffectual and shall not operate to transfer or assign any interest or title to the purported assignee. 

 This Agreement constitutes the entire relationship of the parties hereto, and any litigation
between the parties (whether grounded in contract, tort, statute, law or equity) shall be governed by, construed in accordance with, and interpreted pursuant to the laws of the State of New York. 

[Signature Page Follows] 

  
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	Very truly yours,
	
	DMY SQUARED TECHNOLOGY GROUP, INC.

 
			
		
	By:	 	 

 
			
	 Name: Harry L. You
 Title: Co-Chief Executive Officer and Chairman

  

			
	 AGREED AND ACCEPTED BY:

	
	 DMY SQUARED SPONSOR , LLC

		
	 By:
	 	  

		 	 Name: Harry L. You
 Title: Member

 [Signature Page to Administrative Services Agreement]

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