SEC Contract Filing

Filing Date: 2021-07-20

Document Content:
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<TYPE>EX-10.3
<SEQUENCE>7
<FILENAME>d202751dex103.htm
<DESCRIPTION>EX-10.3
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<TITLE>EX-10.3</TITLE>
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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:12pt; 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 July&nbsp;15, 2021, is made and entered into by and
among Black Spade Acquisition Co, a Cayman Islands exempted company (the &#147;<B><I>Company</I></B>&#148;), and Black Spade Sponsor LLC, a Cayman Islands limited liability company (the &#147;<B><I>Sponsor</I></B>&#148;, together with any other
parties listed on the signature pages hereto 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, each 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 Sponsor and certain other Holders (if any) collectively own an aggregate of 4,312,500 Class&nbsp;B ordinary shares, par
value $0.0001 per share (the &#147;<B><I>Founder Shares</I></B>&#148;), of the Company, issued prior to the date hereof in a private placement and pursuant to certain transfers; </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 will automatically convert into the Company&#146;s Class&nbsp;A ordinary shares, par value $0.0001 per
share (the &#147;<B><I>Ordinary Shares</I></B>&#148;), concurrently or immediately following the initial closing of the Business Combination on a <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">one-for-one</FONT></FONT> basis,
subject to adjustment, on the terms and conditions provided in the Company&#146;s amended and restated memorandum and articles of association, as may be amended from time to time; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>WHEREAS</B>, up to an aggregate of 562,500 Founder Shares are subject to forfeiture by the Sponsor if the over-allotment option in
connection with the Company&#146;s initial public offering is not exercised in full; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>WHEREAS</B>, on July&nbsp;15, 2021, the Company
and the Sponsor entered into that certain Sponsor Warrants Purchase Agreement, pursuant to which the Sponsor agreed to purchase 6,000,000 warrants (or up to 6,450,000 warrants if the over-allotment option in connection with the Company&#146;s
initial public offering is exercised in full) (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, each Private
Placement Warrant entitling the holder thereof to purchase one Ordinary Share at a price of $11.50; </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, its affiliates or any of the Company&#146;s officers and directors may loan to the Company
funds as the Company may require, of which up to $2,000,000 of such loans may be convertible into private placement-equivalent warrants (&#147;<B><I>Working Capital Warrants</I></B>&#148;) at a price of $11.50 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> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>NOW,
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:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">1 </P>

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 <P STYLE="margin-top:0pt; 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 Article I shall, for all purposes of this Agreement, have the respective meanings set forth below: </P>
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