Document:

EX-4.6

 Exhibit 4.6 

THIS WARRANT AND THE SECURITIES ISSUABLE UPON THE EXERCISE HEREOF HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED. THEY MAY NOT BE SOLD,
OFFERED FOR SALE, PLEDGED, HYPOTHECATED, OR OTHERWISE TRANSFERRED EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR AN OPINION OF COUNSEL SATISFACTORY TO THE COMPANY THAT REGISTRATION IS NOT
REQUIRED UNDER SUCH ACT OR UNLESS SOLD PURSUANT TO RULE 144 UNDER SUCH ACT. 
 THIS WARRANT AND THE SHARES ISSUABLE UPON THE EXERCISE HEREOF ARE SUBJECT TO
CERTAIN RESTRICTIONS ON TRANSFER AND A RIGHT OF FIRST REFUSAL HELD BY THE ISSUER OR ITS ASSIGNEE(S) AS SET FORTH IN THE SERIES I PREFERRED STOCK PURCHASE AGREEMENT BETWEEN THE ISSUER AND THE ORIGINAL HOLDER OF THIS WARRANT, A COPY OF WHICH MAY BE
OBTAINED AT THE PRINCIPAL OFFICE OF THE ISSUER. SUCH TRANSFER RESTRICTIONS AND RIGHT OF FIRST REFUSAL ARE BINDING ON TRANSFEREES OF THIS WARRANT. 
  

					
	Date of Issuance	  	 	Void after	 
	[                    ]	  	 	November 20, 2023	 

 PALANTIR TECHNOLOGIES INC. 

WARRANT TO PURCHASE SHARES OF SERIES I PREFERRED STOCK 

This Warrant (the “Warrant”) is issued to
[                    ] (the “Holder”) by Palantir Technologies Inc., a Delaware corporation (the
“Company”) in exchange for $100.00 and as additional inducement for the Holder to purchase shares of the Company’s Series I Preferred Stock, par value $0.001 per share (the “Series I Preferred
Stock”) pursuant to that certain Series I Preferred Stock Purchase Agreement dated as of November 20, 2013 (the “Series I Agreement”). 

1.    Purchase of Shares. 

(a)    Number of Shares. Subject to the terms and conditions set forth herein, the Company hereby certifies
that the Holder is entitled, upon surrender of this Warrant at the principal office of the Company (or at such other place as the Company shall notify the Holder in writing), to purchase from the Company up to a number of shares of the
Company’s Series I Preferred Stock (the shares of such Series I Preferred Stock issued or issuable upon exercise of this Warrant, the “Shares”) equal to the “Maximum Shares Exercisable,” which
shall be calculated as follows: 
 (i)    If the Company’s IPO Valuation equals or exceeds $12,857,142,857, the
Maximum Shares Exercisable shall equal zero (0); 
 (ii)    If the Company’s IPO Valuation is less than
$12,857,142,857, the Maximum Shares Exercisable shall equal the product of (A) (1) the quotient of (x) $12,857,142,857 divided by (y) the greater of $9,000,000,000 and the IPO Valuation minus (2) 1 and (B) the
number of shares of Series I Preferred Stock (if any) that have been issued to Holder as of the time this Warrant is exercised pursuant to that certain Warrant to Purchase Shares of 

 
Series I Preferred Stock issued to Holder on the date hereof entitling Holder to purchase up to
[                    ] additional shares of Series I Preferred Stock for $6.13 per share (the “Lead Investor Warrant”);
provided, however, that (u) the Maximum Shares Exercisable shall be rounded down to the nearest whole share; (v) in no case shall the Maximum Shares Exercisable be less than zero (0); and (w) the Maximum Shares Exercisable shall be
subject to adjustment pursuant to Section 8 hereof. For the avoidance of doubt, subject to provisos (u), (v) and (w) above, the Maximum Shares Exercisable shall be calculated using the following formula: 

 

													
	 Maximum Shares Exercisable = 

 
	 	 (
  
	 	(A1)	 	 – 1

 
	 	 )
  
	 	 *
  
	 	 (B)
  

	 	  

	 	(A2)

 Where 
  

							
		 	A1	  	=	  	$12,857,142,857
				
		 	A2	  	=	  	The greater of $9,000,000,000 and the IPO Valuation
				
		 	B	  	=	  	As of the time this Warrant is exercised, the number of shares of Series I Preferred Stock issued to Holder (if any) pursuant to the Lead Investor Warrant.

 For purposes of this Warrant, the “IPO Valuation” shall mean the product of
(a) the Company’s fully-diluted capitalization as of immediately prior to the Initial Public Offering, including all outstanding capital stock and all options, warrants and other securities convertible into or exercisable for capital
stock, and including shares reserved for issuance under the Company’s equity plans and (b) the final offering price per share to the public of the Company’s Class A Common Stock or other securities in the Company’s Initial
Public Offering. 
 For the avoidance of doubt, (a) the maximum number of shares of Series I Preferred Stock issuable to Holder
pursuant to the Lead Investor Warrant in respect of which this Warrant was issued is [                    ] shares, (b) the maximum total number
of Shares issuable pursuant to this Warrant shall be [                    ] Shares (“Potential Shares”), subject to
adjustment pursuant to Section 8 hereof, (c) in the event the Holder net exercises the Lead Investor Warrant or partially exercises the Lead Investor Warrant, fewer than the full number of Potential Shares would be issuable pursuant to
this Warrant, and (d) for purposes of clarification only, the full number of Potential Shares would only become issuable pursuant to this Warrant in the event the Lead Investor Warrant is exercised in full prior to the Initial Public Offering
and the IPO Valuation is at or below $9,000,000,000, in which case this Warrant would become exercisable for the number of additional shares of Series I Preferred Stock that would have been issued to the Holder upon exercise of the Lead Investor
Warrant had the pre-money valuation of the Company used to calculate the exercise price of the Series I Preferred Stock pursuant to the Lead Investor Warrant been $6,300,000,000 (assuming an aggregate exercise
price of $45,000,000). 
 (b)    Exercise Price. The “Exercise Price” for the Shares
shall at any time equal the par value of the Series I Preferred Stock at such time. The par value of the Series I Preferred Stock as of the date of this Warrant is $0.001. 

  
 2 

 2.    Exercise Period. This Warrant shall be exercisable, in
whole or in part, only during the term commencing upon the later of (a) such time as the Company announces the final offering price to the public of its Class A Common Stock or other securities in the Initial Public Offering, if any, and
(b) such time as the Holder exercises the Lead Investor Warrant, and ending immediately prior to the consummation of the Company’s Initial Public Offering (the “Exercise Period”); provided, however,
that (i) this Warrant shall terminate and cease to be exercisable at 5:00pm Pacific time on November 20, 2023, and (ii) this Warrant, to the extent not previously exercised or terminated, shall, without any further action required by
the Holder, be automatically net exercised pursuant to Section 4 immediately prior to the consummation of the Company’s sale of its Class A Common Stock or other securities in the Company’s first underwritten public offering
pursuant to an effective registration statement under the Securities Act of 1933, as amended (other than a registration statement relating either to sale of securities to employees of the Company pursuant to its stock option, stock purchase or
similar plan or a SEC Rule 145 transaction) (an “Initial Public Offering”). In the event of an automatic net exercise in connection with an Initial Public Offering, this Warrant shall terminate effective immediately after
such net exercise, and neither the Company nor the Holder shall have any further rights or obligations hereunder. For purposes of clarification only, in no event shall this Warrant be in effect upon or after the consummation of an Initial Public
Offering. 
 3.    Method of Exercise. 

(a)    While this Warrant remains outstanding and exercisable in accordance with Section 2 above, the Holder may
exercise, in whole or in part, the purchase rights evidenced hereby. Such exercise shall be effected by: 
 (i)    the
surrender of the Warrant (or an indemnification undertaking with respect to the Warrant in the case of its loss, theft or destruction), together with a duly executed copy of the Notice of Exercise attached hereto, to the Chief Financial Officer of
the Company at its principal office (or at such other place as the Company shall notify the Holder in writing); and 

(ii)    the payment to the Company of an amount equal to the aggregate Exercise Price for the Shares being purchased.

 (b)    Each exercise of this Warrant shall be deemed to have been effected immediately prior to the close of business
on the day on which this Warrant is surrendered to the Company as provided in Section 3(a) above. At such time, the person or persons in whose name or names any certificate for the Shares shall be issuable upon such exercise as provided in
Section 3(c) below shall be deemed to have become the holder or holders of record of the Shares represented by such certificate. 

(c)    As soon as practicable after the exercise of this Warrant in whole or in part, and in any event within 30 days
thereafter, the Company at its expense (including any and all taxes and other governmental charges in the nature of a stamp tax or the equivalent that may be imposed with respect to the issuance of certificates or warrants, but excluding, for the
avoidance of doubt, any tax on income or gain realized or recognized in connection with the 

  
 3 

 
exercise of this Warrant) will cause to be issued in the name of, and delivered to, the Holder, or as such Holder (upon payment by such Holder of any applicable transfer taxes) may direct: 

(i)    a certificate or certificates for the number of Shares to which such Holder shall be entitled, together with cash
in lieu of any fraction of a Share, as provided in Section 9 hereof; and 
 (ii)    in case such exercise is in
part only, a new warrant or warrants (dated the date hereof) of like tenor, calling in the aggregate on the face or faces thereof for the number of shares of Series I Preferred Stock equal to the Maximum Shares Exercisable minus the number of Shares
purchased by the Holder upon all exercises made in accordance with Section 3(a) above or Section 4 below. 

4.    Net Exercise. In lieu of exercising this Warrant for cash, the Holder may, in its sole discretion, elect to
receive Shares equal to the value of this Warrant (or the portion thereof being exercised) by surrender of this Warrant at the principal office of the Company together with notice of such election (a “Net Exercise”). A Holder
who Net Exercises shall have the rights described in Sections 3(b) and 3(c) hereof, and the Company shall issue to such Holder a number of Shares computed using the following formula: 

 

					
	X =	 	 Y (A - B)

A
	 	

 Where 
  

							
		 	X	  	=	  	The number of Shares to be issued to the Holder.
				
		 	Y	  	=	  	The Maximum Shares Exercisable or, if only a portion of the Warrant is being exercised, the number of Shares with respect to which the Warrant is being exercised (at the date of such calculation).
				
		 	A	  	=	  	The fair market value of one (1) share of Series I Preferred Stock (at the date of such calculation).
				
		 	B	  	=	  	The Exercise Price (as adjusted to the date of such calculation).

 The fair market value per share of Series I Preferred Stock shall be the product of (a) the offering
price to the public of one (1) share of Class A Common Stock or other securities in the Initial Public Offering and (b) the number of shares of Class A Common Stock or such other securities into which each share of Series I
Preferred Stock is convertible at the time of such exercise.     
 5.    Representations and
Warranties of the Company. In connection with the issuance of this Warrant, the Company hereby represents and warrants to the Holder that: 

(a)    Authorization. All corporate action on the part of the Company, its officers, directors and stockholders
necessary for the authorization, execution and delivery of this Warrant, the performance of all obligations of the Company hereunder, and the 

  
 4 

 
authorization, issuance (or reservation for issuance), sale and delivery of the Shares has been taken, and this Warrant constitutes a valid and legally binding obligation of the Company,
enforceable in accordance with its terms, except (i) as limited by applicable bankruptcy, insolvency, reorganization, moratorium, fraudulent conveyance and other laws of general application affecting enforcement of creditors’ rights
generally and (ii) as limited by laws relating to the availability of specific performance, injunctive relief, or other equitable remedies. 

(b)    Valid Issuance of Preferred Stock and Conversion Shares. The Shares, when issued, sold and delivered in
accordance with the terms of this Warrant for the consideration expressed herein, will be duly and validly issued, fully paid, and nonassessable and, based in part upon the representations and warranties of the Holder in this Warrant, will be issued
in compliance with all applicable federal and state securities laws. The shares of the Company’s Class B Common Stock issuable upon conversion of the Shares (the “Class B Conversion
Shares”) and the shares of the Company’s Class A Common Stock issuable upon conversion of the Class B Conversion Shares (the “Class A Conversion Shares”) have been
duly and validly reserved for issuance and, upon issuance in accordance with the terms of the Company’s Amended and Restated Certificate of Incorporation on file with the Secretary of State of the State of Delaware, as may be amended (the
“Restated Certificate”), will be duly and validly issued, fully paid, and nonassessable and, based in part upon the representations and warranties of the Holder in this Warrant, will be issued in compliance with all
applicable federal and state securities laws. 
 (c)    Governmental Consents. No consent, approval, order or
authorization of, or registration, qualification, designation, declaration or filing with, any federal, state or local governmental authority on the part of the Company is required in connection with the consummation of the transactions contemplated
by this Warrant, except (i) the filing of the Restated Certificate with the Secretary of State of Delaware; (ii) the filing pursuant to Regulation D, promulgated by the Securities and Exchange Commission under the Act, the filing pursuant
to Section 25102(f) or 25102.1 of the California Corporate Securities Law of 1968, as amended, and the rules thereunder; (iii) the filings required by applicable state “blue sky” securities laws, rules and regulations, or
(iv) such other post-closing filings as may be required. 
 (d)    Offering. Subject in part to the truth
and accuracy of the Holder’s representations set forth in Section 6 of this Warrant, the offer, sale and issuance of the Shares as contemplated by this Warrant are exempt from the registration requirements of any applicable state and
federal securities laws, and neither the Company nor any authorized agent acting on its behalf will take any action hereafter that would cause the loss of such exemption. 

6.    Representations and Warranties of the Holder. In connection with the transactions provided for herein, the
Holder hereby represents and warrants to the Company that: 
 (a)    Authorization. Holder represents that it has
full power and authority to enter into this Warrant. This Warrant constitutes the Holder’s valid and legally binding obligation, enforceable in accordance with its terms, except as may be limited by (i) applicable bankruptcy, insolvency,
reorganization, or similar laws relating to or affecting the enforcement of creditors’ rights and (ii) laws relating to the availability of specific performance, injunctive relief or other equitable remedies. 

  
 5 

 (b)    Purchase Entirely for Own Account. The Holder acknowledges
that this Warrant is entered into by the Holder in reliance upon such Holder’s representation to the Company that the Warrant, the Shares, the Class B Conversion Shares and the Class A Conversion Shares (collectively, the
“Securities”) will be acquired for investment for the Holder’s own account, not as a nominee or agent, and not with a view to the resale or distribution of any part thereof, and that the Holder has no present intention
of selling, granting any participation in or otherwise distributing the same. By acknowledging this Warrant, the Holder further represents that the Holder does not have any contract, undertaking, agreement, or arrangement with any person to sell,
transfer or grant participations to such person or to any third person, with respect to the Securities. 

(c)    Disclosure of Information. The Holder acknowledges that it has received all the information it considers
necessary or appropriate for deciding whether to acquire the Securities. The Holder further represents that it has had an opportunity to ask questions and receive answers from the Company regarding the terms and conditions of the offering of the
Securities. 
 (d)    Investment Experience. The Holder is an investor in securities of companies in the
development stage and acknowledges that it is able to fend for itself, can bear the economic risk of its investment, and has such knowledge and experience in financial or business matters that it is capable of evaluating the merits and risks of the
investment in the Securities. If other than an individual, the Holder also represents it has not been organized solely for the purpose of acquiring the Securities. 

(e)    Accredited Investor. The Holder is an “accredited investor” within the meaning of Rule 501 of
Regulation D, as presently in effect, as promulgated by the Securities and Exchange Commission (the “SEC”) under the Act. 

(f)    Bad Actor Representations and Covenants. The Holder hereby represents and warrants to the Company that such
Holder has not been convicted of any of the felonies or misdemeanors or has been subject to any of the orders, judgments, decrees or other conditions set forth in Rule 506(d) of Regulation D promulgated by the SEC. The Holder covenants to provide
prompt written notice to the Company in the event such Holder is convicted of any felony or misdemeanor or becomes subject to any order, judgment, decree or other condition set forth in Rule 506(d) of Regulation D promulgated by the SEC, as may be
amended from time to time. The Holder covenants to provide such information to the Company as the Company may reasonably request in order to comply with the disclosure obligations set forth in Rule 506(e) of Regulation D promulgated by the SEC, as
may be amended from time to time. 
 (g)    Restricted Securities. The Holder understands that the Securities are
characterized as “restricted securities” under the federal securities laws inasmuch as they are being acquired from the Company in a transaction not involving a public offering and that under such laws and applicable regulations such
securities may be resold without registration under the Act only in certain limited circumstances. The Holder represents that it is familiar with Rule 144, as presently in effect, as promulgated by the SEC under the Act (“Rule
144”), and understands the resale limitations imposed thereby and by the Act. 

  
 6 

 (h)    Further Limitations on Disposition. Without limiting the
representations set forth above, the Holder hereby agrees that the Warrant is, and upon exercise or conversion of the Warrant, the Shares will be, subject to the restrictions on transfer set forth in Sections 6.1, 6.2 and 6.3 of the Series I
Agreement, including without limitation, the requirement that any transferee, assignee or other recipient be subject to the Ancillary Agreements (as defined in the Series I Agreement). In the case of any permitted transfer, the transferee, assignee,
or other recipient shall agree in writing for the benefit of the Company to be bound by the terms of this Warrant, including, without limitation, this Section 6 and Section 17, and there shall be no further transfer of the Warrant except
in accordance with this Section 6(h). 
 (i)    Legends. It is understood that the Securities may bear one
or all of the following legends: 
 “THESE SECURITIES HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED. THEY MAY
NOT BE SOLD, OFFERED FOR SALE, PLEDGED, HYPOTHECATED, OR OTHERWISE TRANSFERRED EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR AN OPINION OF COUNSEL SATISFACTORY TO THE COMPANY THAT
REGISTRATION IS NOT REQUIRED UNDER SUCH ACT OR UNLESS SOLD PURSUANT TO RULE 144 UNDER SUCH ACT.” 
 “THE SHARES REPRESENTED BY THIS
CERTIFICATE ARE SUBJECT TO CERTAIN RESTRICTIONS ON TRANSFER AND A RIGHT OF FIRST REFUSAL HELD BY THE ISSUER OR ITS ASSIGNEE(S) AS SET FORTH IN THE SERIES I PREFERRED STOCK PURCHASE AGREEMENT BETWEEN THE ISSUER AND THE ORIGINAL HOLDER OF THESE
SHARES, A COPY OF WHICH MAY BE OBTAINED AT THE PRINCIPAL OFFICE OF THE ISSUER. SUCH TRANSFER RESTRICTIONS AND RIGHT OF FIRST REFUSAL ARE BINDING ON TRANSFEREES OF THESE SHARES.” 

7.    Covenants of the Company. 

(a)    Notices of Record Date. In the event of (i) any taking by the Company of a record of the holders of any
class of securities for the purpose of determining the holders thereof who are entitled to receive any dividend (other than a cash dividend which is the same as cash dividends paid in previous quarters and stock dividends) or other distribution,
(ii) any capital reorganization of the Company, any reclassification of the capital stock of the Company, any consolidation or merger of the Company with or into another corporation (other than a consolidation or merger in which the Company is
the surviving entity), or any transfer of all or substantially all of the assets of the Company, or (iii) the voluntary or involuntary dissolution, liquidation or winding up of the Company, the Company shall mail to the Holder, at least ten
(10) days prior to such record date or effective date for the event specified in such notice, a notice specifying (A) the date on which any such record is to be taken for the purpose of such dividend or distribution, or (B) the
effective date on which such reorganization, reclassification, consolidation, merger, transfer, dissolution, liquidation, winding-up, redemption or conversion is to take place, and the time, if any is to be
fixed, as of which the holders of record of Series I 

  
 7 

 
Preferred Stock (or such other stock or securities at the time deliverable upon such reorganization, reclassification, consolidation, merger, transfer, dissolution, liquidation, winding-up, redemption or conversion) are to be determined. 
 (b)    Covenants as
to Exercise Shares. The Company covenants and agrees that all Shares that may be issued upon the exercise of the rights represented by this Warrant will, upon issuance in accordance with the terms hereof, be validly issued and outstanding, fully
paid and nonassessable, and free from all taxes, liens and charges with respect to the issuance thereof. The Company further covenants and agrees that the Company will at all times during the Exercise Period, have authorized and reserved, free from
preemptive rights, a sufficient number of shares of Series I Preferred Stock to provide for the exercise of the rights represented by this Warrant and a sufficient number of shares of Class B Common Stock and Class A Common Stock to permit
the conversion of such shares of Series I Preferred Stock into Class B Common Stock, and to permit the conversion of such shares of Class B Common Stock into Class A Common Stock. If at any time during the Exercise Period the number
of authorized but unissued shares of Series I Preferred Stock, Class B Common Stock or Class A Common Stock shall not be sufficient to permit exercise of this Warrant, the Company will take such corporate action as may, in the opinion of
its counsel, be necessary to increase its authorized but unissued shares of Series I Preferred Stock, Class B Common Stock or Class A Common Stock to such number of shares as shall be sufficient for such purposes. 

8.    Adjustment of Number of Shares. The number and kind of Shares purchasable upon exercise of this Warrant shall
be subject to adjustment from time to time as follows: 
 (a)    Subdivisions, Combinations and Other Issuances.
If the Company shall at any time after the issuance but prior to the expiration of this Warrant subdivide its Series I Preferred Stock, by split-up or otherwise, or combine its Series I Preferred Stock, or
issue additional shares of its Preferred Stock or Common Stock as a dividend with respect to any shares of its Series I Preferred Stock, the number of Shares obtainable hereunder shall forthwith be proportionately increased in the case of a
subdivision or stock dividend, or proportionately decreased in the case of a combination. Any adjustment under this Section 8(a) shall become effective at the close of business on the date the subdivision or combination becomes effective, or as
of the record date of such dividend, or in the event that no record date is fixed, upon the making of such dividend. 

(b)    Reclassification, Reorganization and Consolidation. In case of any reclassification, capital reorganization
or change in the capital stock of the Company (other than as a result of a subdivision, combination or stock dividend provided for in Section 8(a) above), then, as a condition of such reclassification, reorganization or change, lawful provision
shall be made, and duly executed documents evidencing the same from the Company or its successor shall be delivered to the Holder, so that the Holder shall have the right at any time prior to the expiration of this Warrant to purchase the kind and
amount of shares of stock and other securities or property receivable in connection with such reclassification, reorganization or change by a holder of the same number and type of securities as were purchasable as Shares by the Holder immediately
prior to such reclassification, reorganization or change. In any such case appropriate provisions shall be made with respect to the rights and interest of the Holder so that the 

  
 8 

 
provisions hereof shall thereafter be applicable with respect to any shares of stock or other securities or property deliverable upon exercise hereof. 

(c)    Notice of Adjustment. When any adjustment is required to be made in the number or kind of shares purchasable
upon exercise of the Warrant, the Company shall promptly notify the Holder of such event and of the number of Shares or other securities or property thereafter purchasable upon exercise of this Warrant. Within 10 business days of any such
adjustment, the Company shall furnish to the Holder a certificate of an executive officer setting forth in reasonable detail such adjustment and the facts upon which it is based and certifying the calculation thereof. Within 10 business days of a
written request to the Company by the Holder, the Company shall furnish to the Holder a certificate of an executive officer certifying the Exercise Price then in effect and the number of Shares then issuable upon exercise of the Warrant. 

(d)    Conversion of Preferred Stock. In the event that all outstanding shares of Series I Preferred Stock are
converted to Class B Common Stock, Class A Common Stock, or any other security, in accordance with the terms of the Restated Certificate, this Warrant shall become exercisable for Class B Common Stock, Class A Common Stock or
such other security. 
 (e)    Certain Events. If any event of the type contemplated by the provisions of this
Section 8 but not expressly provided for by such provisions occurs, then the Board shall make an appropriate adjustment to the number of Shares issuable upon exercise of this Warrant so as to protect the rights of the Holder in a manner
consistent with the provisions of this Section 8. 
 9.    No Fractional Shares or Scrip. No fractional
shares or scrip representing fractional shares shall be issued upon the exercise of this Warrant, but in lieu of such fractional shares the Company shall make a cash payment therefor on the basis of the Exercise Price then in effect. 

10.    No Stockholder Rights. Prior to exercise of this Warrant, the Holder shall not be entitled to any rights of
a stockholder with respect to the Shares, including (without limitation) the right to vote such Shares, receive dividends or other distributions thereon, exercise preemptive rights or be notified of stockholder meetings, and, except as otherwise
provided in this Warrant, such Holder shall not be entitled to any stockholder notice or other communication concerning the business or affairs of the Company as a result of being the holder of this Warrant. 

11.    Governing Law. This Warrant shall be governed by and construed under the laws of the State of California as
applied to agreements among California residents, made and to be performed entirely within the State of California. 

12.    Successors and Assigns. The terms and provisions of this Warrant shall inure to the benefit of, and be
binding upon, the Company and the Holder and their respective successors and assigns; provided, however, that this Warrant may not be transferred or assigned by the Holder except in accordance with Section 6(h); provided, further, that in the
event the Company consummates a Liquidation Event, as such term is defined in the Restated Certificate, this Warrant shall terminate effective immediately upon the consummation of such Liquidation 

  
 9 

 
Event, no Shares shall be issued or issuable hereunder, and neither the Company nor the Holder shall have any further rights or obligations hereunder. 

13.    Titles and Subtitles. The titles and subtitles used in this Warrant are used for convenience only and are
not to be considered in construing or interpreting this Warrant. 
 14.    Notices. All notices and other
communications given or made pursuant hereto shall be in writing and shall be deemed effectively given: (a) upon personal delivery to the party to be notified, (b) when sent by confirmed electronic mail or facsimile if sent during normal
business hours of the recipient, and if not so confirmed, then on the next business day, (c) five (5) days after having been sent by registered or certified mail, return receipt requested, postage prepaid, or (d) one (1) day after deposit
with a nationally recognized overnight courier, specifying next day delivery, with written verification of receipt. All communications shall be sent to the respective parties at the following addresses (or at such other addresses as shall be
specified by notice given in accordance with this Section 14): 
 If to the Company: 

Palantir Technologies Inc. 
 100
Hamilton Ave 
 Suite 300 
 Palo
Alto, CA 94301 
 Attention: Chief Executive Officer 

If to Holder: 
 At the address
shown on the signature page hereto. 
 15.    Entire Agreement; Amendments and Waivers. This Warrant and any
other documents delivered pursuant hereto constitute the full and entire understanding and agreement between the parties with regard to the subjects hereof and thereof. Nonetheless, any term of this Warrant may be amended and the observance of any
term of this Warrant may be waived (either generally or in a particular instance and either retroactively or prospectively), with the written consent of the Company and the Holder; or if this Warrant has been assigned in part, by the holders of
rights to purchase a majority of the shares originally issuable pursuant to this Warrant. 
 16.    Severability.
If any provision of this Warrant is held to be unenforceable under applicable law, such provision shall be excluded from this Warrant and the balance of the Warrant shall be interpreted as if such provision were so excluded and shall be enforceable
in accordance with its terms. 
 17.    “Market Stand-Off”
Agreement. The Holder hereby agrees that the Warrant, and any Securities issuable upon exercise hereof, will be subject to the “market stand-off” provisions of that certain Amended and Restated
Investors’ Rights Agreement entered into in connection with the Series I Agreement (as such agreement may be amended). 

  
 10 

 IN WITNESS WHEREOF, the parties have executed this Warrant as of the date first written
above. 
  

			
	PALANTIR TECHNOLOGIES INC.
		
	By:	 	  

		 	Alexander Karp
		 	Chief Executive Officer

  

							
		 	Address:	  	 100 Hamilton Ave
 Suite 300

Palo Alto, CA 94301
	  	

  
 SIGNATURE
PAGE TO PALANTIR TECHNOLOGIES INC. 
 WARRANT
TO PURCHASE SHARES OF SERIES I PREFERRED STOCK 

 ACKNOWLEDGED AND AGREED: 

[                    ] 

 

	By:	
[                    ]

	Its:	
[                    ]

  

			
	By:	 	  

		
	Name:	 	  

		
	Title:	 	  

  

			
		
	Address:	 	 [                    ] 

		 	[                    ]
		 	[                    ]

  
 SIGNATURE
PAGE TO PALANTIR TECHNOLOGIES INC. 
 WARRANT
TO PURCHASE SHARES OF SERIES I PREFERRED STOCK 

 NOTICE OF EXERCISE 

PALANTIR TECHNOLOGIES INC. 
 Attention: Chief Financial
Officer 
 The undersigned hereby elects to purchase, pursuant to the provisions of the Warrant, as follows: 

 

	 	☐	                  shares
of Series I Preferred Stock pursuant to the terms of the attached Warrant, and tenders herewith payment in cash of the Exercise Price of such Shares in full, together with all applicable transfer taxes, if any. 

 

	 	☐	 Net Exercise the attached Warrant with respect to
                 Shares. 

 The
undersigned hereby represents and warrants that Representations and Warranties in Section 6 hereof are true and correct as of the date hereof. 
  

									
		 		  		 	[                    ]	  	
					
		 		  		 	By:	  	[                    ]
		 		  		 	Its:	  	[                    ]
					
	Date:	 	  
	  		 	By:	  	  

					
		 		  		 	Name:	  	  

					
		 		  		 	Title:	  	  

					
		 		  		 	Address:	  	[                    ]
		 		  		 		  	[                    ]
		 		  		 		  	[                    ]

 Name in which shares should be registered:EX-4.7

 Exhibit 4.7 

THIS WARRANT AND THE SECURITIES ISSUABLE UPON THE EXERCISE HEREOF HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED. THEY MAY NOT BE SOLD,
OFFERED FOR SALE, PLEDGED, HYPOTHECATED, OR OTHERWISE TRANSFERRED EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR AN OPINION OF COUNSEL SATISFACTORY TO THE COMPANY THAT REGISTRATION IS NOT
REQUIRED UNDER SUCH ACT OR UNLESS SOLD PURSUANT TO RULE 144 UNDER SUCH ACT. 
 THIS WARRANT AND THE SHARES ISSUABLE UPON THE EXERCISE HEREOF ARE SUBJECT TO
CERTAIN RESTRICTIONS ON TRANSFER AND A RIGHT OF FIRST REFUSAL HELD BY THE ISSUER OR ITS ASSIGNEE(S) AS SET FORTH IN THE SERIES I PREFERRED STOCK PURCHASE AGREEMENT BETWEEN THE ISSUER AND THE ORIGINAL HOLDER OF THIS WARRANT, A COPY OF WHICH MAY BE
OBTAINED AT THE PRINCIPAL OFFICE OF THE ISSUER. SUCH TRANSFER RESTRICTIONS AND RIGHT OF FIRST REFUSAL ARE BINDING ON TRANSFEREES OF THIS WARRANT. 
  

					
	Date of Issuance	  	 	Void after	 
	[                    ]	  	 	November 20, 2023	 

 PALANTIR TECHNOLOGIES INC. 

WARRANT TO PURCHASE SHARES OF SERIES I PREFERRED STOCK 

This Warrant (the “Warrant”) is issued to
[                    ] (the “Holder”) by Palantir Technologies Inc., a Delaware corporation (the
“Company”) in exchange for $100.00 and as additional inducement for the Holder to purchase shares of the Company’s Series I Preferred Stock, par value $0.001 per share (the “Series I Preferred
Stock”) pursuant to that certain Series I Preferred Stock Purchase Agreement dated as of November 20, 2013 (the “Series I Agreement”). 

1.    Purchase of Shares. 

(a)    Number of Shares. Subject to the terms and conditions set forth herein, the Company hereby certifies
that the Holder is entitled, upon surrender of this Warrant at the principal office of the Company (or at such other place as the Company shall notify the Holder in writing), to purchase from the Company up to a number of shares of the
Company’s Series I Preferred Stock (the shares of such Series I Preferred Stock issued or issuable upon exercise of this Warrant, the “Shares”) equal to the “Maximum Shares Exercisable,” which
shall be calculated as follows: 
 (i)    If the Company’s IPO Valuation equals or exceeds $12,857,142,857, the
Maximum Shares Exercisable shall equal zero (0); 
 (ii)    If the Company’s IPO Valuation is less than
$12,857,142,857, the Maximum Shares Exercisable shall equal the product of (A) (1) the quotient of (x) $12,857,142,857 divided by (y) the greater of $9,000,000,000 and the IPO Valuation minus (2) 1 and (B) the
number of shares of Series I Preferred Stock purchased by Holder on the date hereof pursuant to the Series I Agreement; provided, however, that (u) the Maximum Shares 

 
Exercisable shall be rounded down to the nearest whole share; (v) in no case shall the Maximum Shares Exercisable be less than zero (0); and (w) the Maximum Shares Exercisable shall be
subject to adjustment pursuant to Section 8 hereof. For the avoidance of doubt, subject to provisos (u), (v) and (w) above, the Maximum Shares Exercisable shall be calculated using the following formula: 

 

													
	 Maximum Shares Exercisable = 

 
	 	 (
  
	 	(A1)	 	 – 1

 
	 	 )
  
	 	 *
  
	 	 (B)
  

	 	  

	 	(A2)

 Where 
  

							
		 	A1	  	=	  	$12,857,142,857
				
		 	A2	  	=	  	The greater of $9,000,000,000 and the IPO Valuation
				
		 	B	  	=	  	the number of shares of Series I Preferred Stock purchased by Holder on the date hereof pursuant to the Series I Agreement.

 For purposes of this Warrant, the “IPO Valuation” shall mean the product of
(a) the Company’s fully-diluted capitalization as of immediately prior to the Initial Public Offering, including all outstanding capital stock and all options, warrants and other securities convertible into or exercisable for capital
stock, and including shares reserved for issuance under the Company’s equity plans and (b) the final offering price per share to the public of the Company’s Class A Common Stock or other securities in the Company’s Initial
Public Offering. 
 For the avoidance of doubt, the number of shares of Series I Preferred Stock purchased by Holder on the date hereof
pursuant to the Series I Agreement in respect of which this Warrant was issued is [                    ] shares, and the maximum total number of
Shares issuable pursuant to this Warrant shall be [                    ] Shares (“Potential Shares”), subject to adjustment
pursuant to Section 8 hereof. For purposes of clarification only, the full number of Potential Shares would only become issuable pursuant to this Warrant in the event the IPO Valuation is at or below $9,000,000,000, in which case this Warrant
would become exercisable for the number of additional shares of Series I Preferred Stock that would have been issued to the Holder on the date hereof pursuant to the Series I Agreement had the pre-money
valuation of the Company used to calculate the purchase price of such Series I Preferred Stock been $6,300,000,000. 

(b)    Exercise Price. The “Exercise Price” for the Shares shall at any time equal the par
value of the Series I Preferred Stock at such time. The par value of the Series I Preferred Stock as of the date of this Warrant is $0.001. 

2.    Exercise Period. This Warrant shall be exercisable, in whole or in part, only during the term commencing at
such time as the Company announces the final offering price to the public of its Class A Common Stock or other securities in the Initial Public Offering, if any, and ending immediately prior to the consummation of the Company’s Initial
Public Offering (the “Exercise Period”); provided, however, that (a) this Warrant shall terminate and cease to be exercisable at 5:00pm Pacific time on November 20, 2023, and (b) this Warrant, to
the extent not 

  
 2 

 
previously exercised or terminated, shall, without any further action required by the Holder, be automatically net exercised pursuant to Section 4 immediately prior to the consummation of
the Company’s sale of its Class A Common Stock or other securities in the Company’s first underwritten public offering pursuant to an effective registration statement under the Securities Act of 1933, as amended (other than a
registration statement relating either to sale of securities to employees of the Company pursuant to its stock option, stock purchase or similar plan or a SEC Rule 145 transaction) (an “Initial Public Offering”). In the event
of an automatic net exercise in connection with an Initial Public Offering, this Warrant shall terminate effective immediately after such net exercise, and neither the Company nor the Holder shall have any further rights or obligations hereunder.
For purposes of clarification only, in no event shall this Warrant be in effect upon or after the consummation of an Initial Public Offering. 

3.    Method of Exercise. 

(a)    While this Warrant remains outstanding and exercisable in accordance with Section 2 above, the Holder may
exercise, in whole or in part, the purchase rights evidenced hereby. Such exercise shall be effected by: 
 (i)    the
surrender of the Warrant (or an indemnification undertaking with respect to the Warrant in the case of its loss, theft or destruction), together with a duly executed copy of the Notice of Exercise attached hereto, to the Chief Financial Officer of
the Company at its principal office (or at such other place as the Company shall notify the Holder in writing); and 

(ii)    the payment to the Company of an amount equal to the aggregate Exercise Price for the Shares being purchased.

 (b)    Each exercise of this Warrant shall be deemed to have been effected immediately prior to the close of business
on the day on which this Warrant is surrendered to the Company as provided in Section 3(a) above. At such time, the person or persons in whose name or names any certificate for the Shares shall be issuable upon such exercise as provided in
Section 3(c) below shall be deemed to have become the holder or holders of record of the Shares represented by such certificate. 

(c)    As soon as practicable after the exercise of this Warrant in whole or in part, and in any event within 30 days
thereafter, the Company at its expense (including any and all taxes and other governmental charges in the nature of a stamp tax or the equivalent that may be imposed with respect to the issuance of certificates or warrants, but excluding, for the
avoidance of doubt, any tax on income or gain realized or recognized in connection with the exercise of this Warrant) will cause to be issued in the name of, and delivered to, the Holder, or as such Holder (upon payment by such Holder of any
applicable transfer taxes) may direct: 
 (i)    a certificate or certificates for the number of Shares to which such
Holder shall be entitled, together with cash in lieu of any fraction of a Share, as provided in Section 9 hereof; and 

  
 3 

 (ii)    in case such exercise is in part only, a new warrant or
warrants (dated the date hereof) of like tenor, calling in the aggregate on the face or faces thereof for the number of shares of Series I Preferred Stock equal to the Maximum Shares Exercisable minus the number of Shares purchased by the Holder
upon all exercises made in accordance with Section 3(a) above or Section 4 below. 
 4.    Net
Exercise. In lieu of exercising this Warrant for cash, the Holder may, in its sole discretion, elect to receive Shares equal to the value of this Warrant (or the portion thereof being exercised) by surrender of this Warrant at the principal
office of the Company together with notice of such election (a “Net Exercise”). A Holder who Net Exercises shall have the rights described in Sections 3(b) and 3(c) hereof, and the Company shall issue to such Holder a number
of Shares computed using the following formula: 
  

					
	X =	 	 Y (A - B)

A
	 	

 Where 
  

							
		 	X	  	=	  	The number of Shares to be issued to the Holder.
				
		 	Y	  	=	  	The Maximum Shares Exercisable or, if only a portion of the Warrant is being exercised, the number of Shares with respect to which the Warrant is being exercised (at the date of such calculation).
				
		 	A	  	=	  	The fair market value of one (1) share of Series I Preferred Stock (at the date of such calculation).
				
		 	B	  	=	  	The Exercise Price (as adjusted to the date of such calculation).

 The fair market value per share of Series I Preferred Stock shall be the product of (a) the offering
price to the public of one (1) share of Class A Common Stock or other securities in the Initial Public Offering and (b) the number of shares of Class A Common Stock or such other securities into which each share of Series I
Preferred Stock is convertible at the time of such exercise. 
 5.    Representations and Warranties of the
Company. In connection with the issuance of this Warrant, the Company hereby represents and warrants to the Holder that: 

(a)    Authorization. All corporate action on the part of the Company, its officers, directors and stockholders
necessary for the authorization, execution and delivery of this Warrant, the performance of all obligations of the Company hereunder, and the authorization, issuance (or reservation for issuance), sale and delivery of the Shares has been taken, and
this Warrant constitutes a valid and legally binding obligation of the Company, enforceable in accordance with its terms, except (i) as limited by applicable bankruptcy, insolvency, reorganization, moratorium, fraudulent conveyance and other
laws of general application affecting enforcement of creditors’ rights generally and (ii) as limited by laws relating to the availability of specific performance, injunctive relief, or other equitable remedies. 

  
 4 

 (b)    Valid Issuance of Preferred Stock and Conversion Shares.
The Shares, when issued, sold and delivered in accordance with the terms of this Warrant for the consideration expressed herein, will be duly and validly issued, fully paid, and nonassessable and, based in part upon the representations and
warranties of the Holder in this Warrant, will be issued in compliance with all applicable federal and state securities laws. The shares of the Company’s Class B Common Stock issuable upon conversion of the Shares (the
“Class B Conversion Shares”) and the shares of the Company’s Class A Common Stock issuable upon conversion of the Class B Conversion Shares (the
“Class A Conversion Shares”) have been duly and validly reserved for issuance and, upon issuance in accordance with the terms of the Company’s Amended and Restated Certificate of
Incorporation on file with the Secretary of State of the State of Delaware, as may be amended (the “Restated Certificate”), will be duly and validly issued, fully paid, and nonassessable and, based in part upon the
representations and warranties of the Holder in this Warrant, will be issued in compliance with all applicable federal and state securities laws. 

(c)    Governmental Consents. No consent, approval, order or authorization of, or registration, qualification,
designation, declaration or filing with, any federal, state or local governmental authority on the part of the Company is required in connection with the consummation of the transactions contemplated by this Warrant, except (i) the filing of
the Restated Certificate with the Secretary of State of Delaware; (ii) the filing pursuant to Regulation D, promulgated by the Securities and Exchange Commission under the Act, the filing pursuant to Section 25102(f) or 25102.1 of the
California Corporate Securities Law of 1968, as amended, and the rules thereunder; (iii) the filings required by applicable state “blue sky” securities laws, rules and regulations, or (iv) such other post-closing filings
as may be required. 
 (d)    Offering. Subject in part to the truth and accuracy of the Holder’s
representations set forth in Section 6 of this Warrant, the offer, sale and issuance of the Shares as contemplated by this Warrant are exempt from the registration requirements of any applicable state and federal securities laws, and neither
the Company nor any authorized agent acting on its behalf will take any action hereafter that would cause the loss of such exemption. 

6.    Representations and Warranties of the Holder. In connection with the transactions provided for herein, the
Holder hereby represents and warrants to the Company that: 
 (a)    Authorization. Holder represents that it has
full power and authority to enter into this Warrant. This Warrant constitutes the Holder’s valid and legally binding obligation, enforceable in accordance with its terms, except as may be limited by (i) applicable bankruptcy, insolvency,
reorganization, or similar laws relating to or affecting the enforcement of creditors’ rights and (ii) laws relating to the availability of specific performance, injunctive relief or other equitable remedies. 

(b)    Purchase Entirely for Own Account. The Holder acknowledges that this Warrant is entered into by the Holder
in reliance upon such Holder’s representation to the Company that the Warrant, the Shares, the Class B Conversion Shares and the Class A Conversion Shares (collectively, the “Securities”) will be acquired for
investment for the Holder’s own account, not as a nominee or agent, and not with a view to the resale or distribution of any part thereof, and that the Holder has no present intention of selling, granting

  
 5 

 
any participation in or otherwise distributing the same. By acknowledging this Warrant, the Holder further represents that the Holder does not have any contract, undertaking, agreement, or
arrangement with any person to sell, transfer or grant participations to such person or to any third person, with respect to the Securities. 

(c)    Disclosure of Information. The Holder acknowledges that it has received all the information it considers
necessary or appropriate for deciding whether to acquire the Securities. The Holder further represents that it has had an opportunity to ask questions and receive answers from the Company regarding the terms and conditions of the offering of the
Securities. 
 (d)    Investment Experience. The Holder is an investor in securities of companies in the
development stage and acknowledges that it is able to fend for itself, can bear the economic risk of its investment, and has such knowledge and experience in financial or business matters that it is capable of evaluating the merits and risks of the
investment in the Securities. If other than an individual, the Holder also represents it has not been organized solely for the purpose of acquiring the Securities. 

(e)    Accredited Investor. The Holder is an “accredited investor” within the meaning of Rule 501 of
Regulation D, as presently in effect, as promulgated by the Securities and Exchange Commission (the “SEC”) under the Act. 

(f)    Bad Actor Representations and Covenants. The Holder hereby represents and warrants to the Company that such
Holder has not been convicted of any of the felonies or misdemeanors or has been subject to any of the orders, judgments, decrees or other conditions set forth in Rule 506(d) of Regulation D promulgated by the SEC. The Holder covenants to provide
prompt written notice to the Company in the event such Holder is convicted of any felony or misdemeanor or becomes subject to any order, judgment, decree or other condition set forth in Rule 506(d) of Regulation D promulgated by the SEC, as may be
amended from time to time. The Holder covenants to provide such information to the Company as the Company may reasonably request in order to comply with the disclosure obligations set forth in Rule 506(e) of Regulation D promulgated by the SEC, as
may be amended from time to time. 
 (g)    Restricted Securities. The Holder understands that the Securities are
characterized as “restricted securities” under the federal securities laws inasmuch as they are being acquired from the Company in a transaction not involving a public offering and that under such laws and applicable regulations such
securities may be resold without registration under the Act only in certain limited circumstances. The Holder represents that it is familiar with Rule 144, as presently in effect, as promulgated by the SEC under the Act (“Rule
144”), and understands the resale limitations imposed thereby and by the Act. 
 (h)    Further
Limitations on Disposition. Without limiting the representations set forth above, the Holder hereby agrees that the Warrant is, and upon exercise or conversion of the Warrant, the Shares will be, subject to the restrictions on transfer set forth
in Sections 6.1, 6.2 and 6.3 of the Series I Agreement, including without limitation, the requirement that any transferee, assignee or other 

  
 6 

 
recipient be subject to the Ancillary Agreements (as defined in the Series I Agreement). In the case of any permitted transfer, the transferee, assignee, or other recipient shall agree in writing
for the benefit of the Company to be bound by the terms of this Warrant, including, without limitation, this Section 6 and Section 17, and there shall be no further transfer of the Warrant except in accordance with this Section 6(h).

 (i)    Legends. It is understood that the Securities may bear one or all of the following legends: 

“THESE SECURITIES HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED. THEY MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED,
HYPOTHECATED, OR OTHERWISE TRANSFERRED EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR AN OPINION OF COUNSEL SATISFACTORY TO THE COMPANY THAT REGISTRATION IS NOT REQUIRED UNDER SUCH ACT OR
UNLESS SOLD PURSUANT TO RULE 144 UNDER SUCH ACT.” 
 “THE SHARES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO CERTAIN
RESTRICTIONS ON TRANSFER AND A RIGHT OF FIRST REFUSAL HELD BY THE ISSUER OR ITS ASSIGNEE(S) AS SET FORTH IN THE SERIES I PREFERRED STOCK PURCHASE AGREEMENT BETWEEN THE ISSUER AND THE ORIGINAL HOLDER OF THESE SHARES, A COPY OF WHICH MAY BE OBTAINED
AT THE PRINCIPAL OFFICE OF THE ISSUER. SUCH TRANSFER RESTRICTIONS AND RIGHT OF FIRST REFUSAL ARE BINDING ON TRANSFEREES OF THESE SHARES.” 

7.    Covenants of the Company. 

(a)    Notices of Record Date. In the event of (i) any taking by the Company of a record of the holders of any
class of securities for the purpose of determining the holders thereof who are entitled to receive any dividend (other than a cash dividend which is the same as cash dividends paid in previous quarters and stock dividends) or other distribution,
(ii) any capital reorganization of the Company, any reclassification of the capital stock of the Company, any consolidation or merger of the Company with or into another corporation (other than a consolidation or merger in which the Company is
the surviving entity), or any transfer of all or substantially all of the assets of the Company, or (iii) the voluntary or involuntary dissolution, liquidation or winding up of the Company, the Company shall mail to the Holder, at least ten
(10) days prior to such record date or effective date for the event specified in such notice, a notice specifying (A) the date on which any such record is to be taken for the purpose of such dividend or distribution, or (B) the
effective date on which such reorganization, reclassification, consolidation, merger, transfer, dissolution, liquidation, winding-up, redemption or conversion is to take place, and the time, if any is to be
fixed, as of which the holders of record of Series I Preferred Stock (or such other stock or securities at the time deliverable upon such reorganization, reclassification, consolidation, merger, transfer, dissolution, liquidation, winding-up, redemption or conversion) are to be determined. 
 (b)    Covenants as
to Exercise Shares. The Company covenants and agrees that all Shares that may be issued upon the exercise of the rights represented by this Warrant will, 

  
 7 

 
upon issuance in accordance with the terms hereof, be validly issued and outstanding, fully paid and nonassessable, and free from all taxes, liens and charges with respect to the issuance
thereof. The Company further covenants and agrees that the Company will at all times during the Exercise Period, have authorized and reserved, free from preemptive rights, a sufficient number of shares of Series I Preferred Stock to provide for the
exercise of the rights represented by this Warrant and a sufficient number of shares of Class B Common Stock and Class A Common Stock to permit the conversion of such shares of Series I Preferred Stock into Class B Common Stock, and
to permit the conversion of such shares of Class B Common Stock into Class A Common Stock. If at any time during the Exercise Period the number of authorized but unissued shares of Series I Preferred Stock, Class B Common Stock or
Class A Common Stock shall not be sufficient to permit exercise of this Warrant, the Company will take such corporate action as may, in the opinion of its counsel, be necessary to increase its authorized but unissued shares of Series I
Preferred Stock, Class B Common Stock or Class A Common Stock to such number of shares as shall be sufficient for such purposes. 

8.    Adjustment of Number of Shares. The number and kind of Shares purchasable upon exercise of this Warrant shall
be subject to adjustment from time to time as follows: 
 (a)    Subdivisions, Combinations and Other Issuances.
If the Company shall at any time after the issuance but prior to the expiration of this Warrant subdivide its Series I Preferred Stock, by split-up or otherwise, or combine its Series I Preferred Stock, or
issue additional shares of its Preferred Stock or Common Stock as a dividend with respect to any shares of its Series I Preferred Stock, the number of Shares obtainable hereunder shall forthwith be proportionately increased in the case of a
subdivision or stock dividend, or proportionately decreased in the case of a combination. Any adjustment under this Section 8(a) shall become effective at the close of business on the date the subdivision or combination becomes effective, or as
of the record date of such dividend, or in the event that no record date is fixed, upon the making of such dividend. 

(b)    Reclassification, Reorganization and Consolidation. In case of any reclassification, capital reorganization
or change in the capital stock of the Company (other than as a result of a subdivision, combination or stock dividend provided for in Section 8(a) above), then, as a condition of such reclassification, reorganization or change, lawful provision
shall be made, and duly executed documents evidencing the same from the Company or its successor shall be delivered to the Holder, so that the Holder shall have the right at any time prior to the expiration of this Warrant to purchase the kind and
amount of shares of stock and other securities or property receivable in connection with such reclassification, reorganization or change by a holder of the same number and type of securities as were purchasable as Shares by the Holder immediately
prior to such reclassification, reorganization or change. In any such case appropriate provisions shall be made with respect to the rights and interest of the Holder so that the provisions hereof shall thereafter be applicable with respect to any
shares of stock or other securities or property deliverable upon exercise hereof. 
 (c)    Notice of Adjustment.
When any adjustment is required to be made in the number or kind of shares purchasable upon exercise of the Warrant, the Company shall promptly notify the Holder of such event and of the number of Shares or other securities or property

  
 8 

 
thereafter purchasable upon exercise of this Warrant. Within 10 business days of any such adjustment, the Company shall furnish to the Holder a certificate of an executive officer setting forth
in reasonable detail such adjustment and the facts upon which it is based and certifying the calculation thereof. Within 10 business days of a written request to the Company by the Holder, the Company shall furnish to the Holder a certificate of an
executive officer certifying the Exercise Price then in effect and the number of Shares then issuable upon exercise of the Warrant. 

(d)    Conversion of Preferred Stock. In the event that all outstanding shares of Series I Preferred Stock are
converted to Class B Common Stock, Class A Common Stock, or any other security, in accordance with the terms of the Restated Certificate, this Warrant shall become exercisable for Class B Common Stock, Class A Common Stock or
such other security. 
 (e)    Certain Events. If any event of the type contemplated by the provisions of this
Section 8 but not expressly provided for by such provisions occurs, then the Board shall make an appropriate adjustment to the number of Shares issuable upon exercise of this Warrant so as to protect the rights of the Holder in a manner
consistent with the provisions of this Section 8. 
 9.    No Fractional Shares or Scrip. No fractional
shares or scrip representing fractional shares shall be issued upon the exercise of this Warrant, but in lieu of such fractional shares the Company shall make a cash payment therefor on the basis of the Exercise Price then in effect. 

10.    No Stockholder Rights. Prior to exercise of this Warrant, the Holder shall not be entitled to any rights of
a stockholder with respect to the Shares, including (without limitation) the right to vote such Shares, receive dividends or other distributions thereon, exercise preemptive rights or be notified of stockholder meetings, and, except as otherwise
provided in this Warrant, such Holder shall not be entitled to any stockholder notice or other communication concerning the business or affairs of the Company as a result of being the holder of this Warrant. 

11.    Governing Law. This Warrant shall be governed by and construed under the laws of the State of California as
applied to agreements among California residents, made and to be performed entirely within the State of California. 

12.    Successors and Assigns. The terms and provisions of this Warrant shall inure to the benefit of, and be
binding upon, the Company and the Holder and their respective successors and assigns; provided, however, that this Warrant may not be transferred or assigned by the Holder except in accordance with Section 6(h); provided, further, that in the
event the Company consummates a Liquidation Event, as such term is defined in the Restated Certificate, this Warrant shall terminate effective immediately upon the consummation of such Liquidation Event, no Shares shall be issued or issuable
hereunder, and neither the Company nor the Holder shall have any further rights or obligations hereunder. 

13.    Titles and Subtitles. The titles and subtitles used in this Warrant are used for convenience only and are
not to be considered in construing or interpreting this Warrant. 

  
 9 

 14.    Notices. All notices and other communications given or
made pursuant hereto shall be in writing and shall be deemed effectively given: (a) upon personal delivery to the party to be notified, (b) when sent by confirmed electronic mail or facsimile if sent during normal business hours of the
recipient, and if not so confirmed, then on the next business day, (c) five (5) days after having been sent by registered or certified mail, return receipt requested, postage prepaid, or (d) one (1) day after deposit with a nationally
recognized overnight courier, specifying next day delivery, with written verification of receipt. All communications shall be sent to the respective parties at the following addresses (or at such other addresses as shall be specified by notice given
in accordance with this Section 14): 
 If to the Company: 

Palantir Technologies Inc. 
 100
Hamilton Ave 
 Suite 300 
 Palo
Alto, CA 94301 
 Attention: Chief Executive Officer 

If to Holder: 
 At the address
shown on the signature page hereto. 
 15.    Entire Agreement; Amendments and Waivers. This Warrant and any
other documents delivered pursuant hereto constitute the full and entire understanding and agreement between the parties with regard to the subjects hereof and thereof. Nonetheless, any term of this Warrant may be amended and the observance of any
term of this Warrant may be waived (either generally or in a particular instance and either retroactively or prospectively), with the written consent of the Company and the Holder; or if this Warrant has been assigned in part, by the holders of
rights to purchase a majority of the shares originally issuable pursuant to this Warrant. 
 16.    Severability.
If any provision of this Warrant is held to be unenforceable under applicable law, such provision shall be excluded from this Warrant and the balance of the Warrant shall be interpreted as if such provision were so excluded and shall be enforceable
in accordance with its terms. 
 17.    “Market Stand-Off”
Agreement. The Holder hereby agrees that the Warrant, and any Securities issuable upon exercise hereof, will be subject to the “market stand-off” provisions of that certain Amended and Restated
Investors’ Rights Agreement entered into in connection with the Series I Agreement (as such agreement may be amended). 

  
 10 

 IN WITNESS WHEREOF, the parties have executed this Warrant as of the date first written
above. 
  

			
	PALANTIR TECHNOLOGIES INC.
		
	By:	 	  

		 	Alexander Karp
		 	Chief Executive Officer

  

							
		 	Address:	  	 100 Hamilton Ave
 Suite 300

Palo Alto, CA 94301
	  	

  
 SIGNATURE
PAGE TO PALANTIR TECHNOLOGIES INC. 
 WARRANT
TO PURCHASE SHARES OF SERIES I PREFERRED STOCK 

 ACKNOWLEDGED AND AGREED: 

[                    ] 

 

	By:	
[                    ]

	Its:	
[                    ]

  

			
	By:	 	  

		
	Name:	 	  

		
	Title:	 	  

  

			
		
	Address:	 	[                    ]
		 	[                    ]
		 	[                    ]

  
 SIGNATURE
PAGE TO PALANTIR TECHNOLOGIES INC. 
 WARRANT
TO PURCHASE SHARES OF SERIES I PREFERRED STOCK 

 NOTICE OF EXERCISE 

PALANTIR TECHNOLOGIES INC. 
 Attention: Chief Financial
Officer 
 The undersigned hereby elects to purchase, pursuant to the provisions of the Warrant, as follows: 

 

	 	☐	                  shares
of Series I Preferred Stock pursuant to the terms of the attached Warrant, and tenders herewith payment in cash of the Exercise Price of such Shares in full, together with all applicable transfer taxes, if any. 

 

	 	☐	 Net Exercise the attached Warrant with respect to
                 Shares. 

 The
undersigned hereby represents and warrants that Representations and Warranties in Section 6 hereof are true and correct as of the date hereof. 
  

									
		 		  		 	[                    ]	  	
					
		 		  		 	By:	  	[                    ]
		 		  		 	Its:	  	[                    ]
					
	Date:	 	  
	  		 	By:	  	  

					
		 		  		 	Name:	  	  

					
		 		  		 	Title:	  	  

					
		 		  		 	Address:	  	[                    ]
		 		  		 		  	[                    ]
		 		  		 		  	[                    ]

 Name in which shares should be registered:

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00313-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00313-of-00352.parquet"}]]