SEC Contract Filing

Filing Date: 2021-03-29

Document Content:
<DOCUMENT>
<TYPE>EX-10.3
<SEQUENCE>5
<FILENAME>tm2110341d4_ex10-3.htm
<DESCRIPTION>EXHIBIT 10.3
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit 10.3</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>INVESTMENT MANAGEMENT TRUST AGREEMENT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 34.3pt">This Investment Management
Trust Agreement (this &ldquo;<B><I>Agreement</I></B>&rdquo;) is made effective as of August 17, 2020 by and between one, a Cayman
Islands exempted company (the &ldquo;<B><I>Company</I></B>&rdquo;), and Continental Stock Transfer &amp; Trust Company, a New
York corporation (the &ldquo;<B><I>Trustee</I></B>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 34.3pt">WHEREAS, the Company&rsquo;s
registration statement on Form S-1, File No. 333-240203 (the &ldquo;<B><I>Registration Statement</I></B>&rdquo;) and prospectus (the
 &ldquo;<B><I>Prospectus</I></B>&rdquo;) for the initial public offering of the Company&rsquo;s units (the &ldquo;<B><I>Units</I></B>&rdquo;),
each of which consists of one of the Company&rsquo;s Class A ordinary shares, par value $0.0001 per share (the &ldquo;<B><I>Ordinary
Shares</I></B>&rdquo;), and one-quarter of one redeemable warrant, each whole warrant entitling the holder thereof to purchase one
Ordinary Share (such initial public offering hereinafter referred to as the &ldquo;<B><I>Offering</I></B>&rdquo;), has been declared
effective as of the date hereof by the U.S. Securities and Exchange Commission; and</P>

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<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 34.3pt">WHEREAS, the Company
has entered into an Underwriting Agreement (the &ldquo;<B><I>Underwriting Agreement</I></B>&rdquo;) with Goldman Sachs &amp; Co.
LLC, as representative (the &ldquo;<B><I>Representative</I></B>&rdquo;) of the several underwriters (the &ldquo;<B><I>Underwriters</I></B>&rdquo;)
named therein; and</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 34.3pt">WHEREAS, as described
in the Prospectus, $200,000,000 of the gross proceeds of the Offering (or $230,000,000 if the Underwriters&rsquo; over-allotment
option is exercised in full) will be delivered to the Trustee to be deposited and held in a segregated trust account located at
all times in the United States (the &ldquo;<B><I>Trust Account</I></B>&rdquo;) for the benefit of the Company and the holders
of the Ordinary Shares included in the Units issued in the Offering as hereinafter provided (the amount to be delivered to the
Trustee (and any interest subsequently earned thereon) is referred to herein as the &ldquo;<B><I>Property</I></B>,&rdquo; the
shareholders for whose benefit the Trustee shall hold the Property will be referred to as the &ldquo;<B><I>Public Shareholders</I></B>,&rdquo;
and the Public Shareholders and the Company will be referred to together as the &ldquo;<B><I>Beneficiaries</I></B>&rdquo;); and</P>

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<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 34.3pt">WHEREAS, pursuant
to the Underwriting Agreement, a portion of the Property equal to $7,000,000, or $8,050,000 if the Underwriters&rsquo; over-allotment
option is exercised in full, is attributable to deferred underwriting discounts and commissions that will be payable by the Company
to the Underwriter upon the consummation of the Business Combination (as defined below) (the &ldquo;<B><I>Deferred Discount</I></B>&rdquo;);
and</P>

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<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 34.3pt">WHEREAS, the Company
and the Trustee desire to enter into this Agreement to set forth the terms and conditions pursuant to which the Trustee shall
hold the Property.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">NOW THEREFORE, IT IS AGREED:</P>

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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 36.85pt"></TD><TD STYLE="width: 35.15pt"><FONT STYLE="font-size: 10pt">1.</FONT></TD><TD><U>Agreements and Covenants
 of Trustee</U>. The Trustee hereby agrees and covenants to:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 67.5pt"></TD><TD STYLE="width: 40.5pt"><FONT STYLE="font-size: 10pt">(a)</FONT></TD><TD STYLE="text-align: justify">Hold
 the Property in trust for the Beneficiaries in accordance with the terms of this Agreement
 in the Trust Account established by the Trustee located in t