SEC Contract Filing

Filing Date: 2021-03-01

Document Content:
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<TYPE>EX-10.3
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<FILENAME>d97895dex103.htm
<DESCRIPTION>EX-10.3
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.3 </B></P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>REGISTRATION RIGHTS AGREEMENT </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">THIS REGISTRATION RIGHTS AGREEMENT (this &#147;<B><I>Agreement</I></B>&#148;), dated as of February&nbsp;26, 2021, is made and entered into by
and among Hudson Executive Investment Corp. III, a Delaware corporation (the &#147;<B><I>Company</I></B>&#148;), HEC Sponsor III LLC, a Delaware limited liability company (the &#147;<B><I>Sponsor</I></B>&#148;) and the undersigned parties listed on
the signature page hereto under &#147;Holders&#148; (each such party, together with the Sponsor and any person or entity who hereafter becomes a party to this Agreement pursuant to <U>Section</U><U></U><U>&nbsp;5.2</U> of this Agreement, a
&#147;<B><I>Holder</I></B>&#148; and collectively the &#147;<B><I>Holders</I></B>&#148;). </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>RECITALS </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>WHEREAS</B>, the Company has 15,093,750 shares of Class&nbsp;B common stock, par value $0.0001 per share (the &#147;<B><I>Founder
Shares</I></B>&#148;), issued and outstanding, up to 1,968,750 of which will be forfeited to the Company for no consideration depending on the extent to which the underwriters of the Company&#146;s initial public offering exercise their
over-allotment option; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>WHEREAS</B>, the Founder Shares are convertible into shares of the Company&#146;s Class&nbsp;A common stock,
par value $0.0001 per share (the <B>&#147;</B><B><I>Common Stock</I></B>&#148;), on the terms and conditions provided in the Company&#146;s amended and restated certificate of incorporation; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>WHEREAS</B>, on February&nbsp;23, 2021, the Company and the Sponsor entered into that certain Private Placement Warrants Purchase Agreement
(the &#147;<B><I>Private Placement Warrants Purchase Agreement</I></B>&#148;), pursuant to which the Sponsor agreed to purchase 8,333,333 private placement warrants (or up to 9,383,333 warrants to the extent that the over-allotment option in
connection with the Company&#146;s initial public offering is exercised) (the &#147;<B><I>Private Placement Warrants</I></B>&#148;) in a private placement transaction occurring simultaneously with the closing of the Company&#146;s initial public
offering; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>WHEREAS</B>, on February&nbsp;26, 2021, the Company and HEC Master Fund LP (the &#147;<B><I>Forward Purchaser</I></B>&#148;)
entered into that certain Forward Purchase Agreement (the &#147;<B><I>Forward Purchase Agreement</I></B>&#148;), pursuant to which the Forward Purchaser agreed to purchase an aggregate of 5,000,000 forward purchase units (the &#147;<B><I>Forward
Purchase Units</I></B>&#148;) in a private placement transaction to close concurrently with the closing of the initial Business Combination (as defined below); </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>WHEREAS</B>, in order to finance the Company&#146;s transaction costs in connection with its search for and consummation of an initial
Business Combination (as defined below), the Sponsor or an affiliate of the Sponsor or certain of the Company&#146;s officers and directors may loan to the Company funds as the Company may require, of which up to $1,500,000 of such loans may be
convertible into private placement-equivalent warrants (&#147;<B><I>Working Capital Warrants</I></B>&#148;) at a price of $1.50 per warrant at the option of the lender; and </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>WHEREAS</B>, the Company and the Holders desire to enter into this Agreement, pursuant to which the Company shall grant the Holders certain
registration rights with respect to certain securities of the Company, as set forth in this Agreement. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>NOW</B>, <B>THEREFORE</B>, in consideration of the representations, covenants and
agreements contained herein, and certain other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally bound, hereby agree as follows: </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ARTICLE I </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>DEFINITIONS
</B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">1.1 <U>Definitions</U>. The terms defined in this <I><U>Article</U></I><I> </I><I><U>I</U></I><I> </I>shall, for all purposes of this
Agreement, have the respective meanings set forth below: </P> <P STYLE="margin-top:6pt; margin