SEC Contract Filing

Filing Date: 2021-12-07

Document Content:
<DOCUMENT>
<TYPE>EX-10.3
<SEQUENCE>7
<FILENAME>nt10022668x9_ex10-3.htm
<DESCRIPTION>EXHIBIT 10.3
<TEXT>
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 <p style="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>REGISTRATION RIGHTS AGREEMENT</b></font></p>
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 <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">THIS REGISTRATION RIGHTS AGREEMENT (this &#8220;<b>Agreement</b>&#8221;), dated as
 of December 7, 2021, is made and entered into by and among Bullpen Parlay Acquisition Company, a Cayman Islands exempted company (the &#8220;<b>Company</b>&#8221;), BPAC Partners LLC, a Delaware limited liability company (the &#8220;<b>Sponsor</b>&#8221;), and each person
 or entity named on the signature pages hereto (each such person or entity, together with the Sponsor and any person or entity who hereafter becomes a party to this Agreement pursuant to <u>Section 5.2</u> hereof, a &#8220;<b>Holder</b>&#8221; and collectively
 the &#8220;<b>Holders</b>&#8221;).</font></p>
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 <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>RECITALS</b></font></p>
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 <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>WHEREAS</b>, the Holders own an aggregate of 5,750,000 shares of the
 Company&#8217;s Class B ordinary shares, par value $0.0001 per share (the &#8220;<b>Class B Ordinary Shares</b>&#8221;).</font></p>
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 <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>WHEREAS</b>, the Class B Ordinary Shares are convertible into the
 Company&#8217;s Class A ordinary shares, par value $0.0001 per share (the &#8220;<b>Ordinary Shares</b>&#8221;), at the time of the initial Business Combination on a one-for-one basis, subject to adjustment, on the terms and conditions provided in the Company&#8217;s
 amended and restated memorandum and articles of association, as may be amended from time to time;</font></p>
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 <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>WHEREAS</b>, on December 2, 2021, the Company and the Sponsor entered
 into that certain Private Placement Warrants Purchase Agreement (the &#8220;<b>Private Placement Warrants Purchase Agreement</b>&#8221;), pursuant to which the Sponsor agreed to purchase 10,500,000 warrants (or up to 11,700,000 warrants if the Underwriter&#8217;s (as
 defined below) option to purchase additional units in connection with the Company&#8217;s initial public offering is exercised in full) (the &#8220;<b>Private Placement Warrants</b>&#8221;), in a private placement transaction occurring simultaneously with the closing
 of the Company&#8217;s initial public offering;</font></p>
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 <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>WHEREAS</b>, in order to finance the Company&#8217;s transaction costs in
 connection with an intended Business Combination (as defined below), the Sponsor or certain of the Company&#8217;s officers or directors may, but are not obligated to, loan the Company funds as the Company may require, of which up to $1,500,000 of such
 loans may be convertible into an additional 1,500,000 Private Placement Warrants (the &#8220;<b>Working Capital Warrants</b>&#8221;