SEC Contract Filing

Filing Date: 2021-03-09

Document Content:
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<TYPE>EX-10.1
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<FILENAME>d153642dex101.htm
<DESCRIPTION>EX-10.1
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>EXHIBIT 10.1 </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">March&nbsp;4, 2021 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">VPC Impact Acquisition
Holdings III, Inc. </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">c/o Victory Park Capital Advisors, LLC </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">150 North Riverside Plaza, Suite 5200 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Chicago, IL 60606 </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left">Re:</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><U>Initial Public Offering</U> </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Ladies and Gentlemen: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">This letter (this &#147;<B><I>Letter
Agreement</I></B>&#148;) is being delivered to you in accordance with the Underwriting Agreement (the &#147;<B><I>Underwriting Agreement</I></B>&#148;) entered into by and among VPC Impact Acquisition Holdings III, Inc. a Delaware corporation (the
&#147;<B><I>Company</I></B>&#148;), Jefferies LLC and Citigroup Global Markets Inc., as representatives (the &#147;<B><I>Representatives</I></B>&#148;) of the several underwriters (each, an &#147;<B><I>Underwriter</I></B>&#148; and collectively, the
&#147;<B><I>Underwriters</I></B>&#148;), relating to an underwritten initial public offering (the &#147;<B><I>Public</I></B><B><I>&nbsp;Offering</I></B>&#148;), of up to 25,875,000 of the Company&#146;s units (including up to 3,375,000 units that
may be purchased to cover over-allotments, if any) (the &#147;<B><I>Units</I></B>&#148;), each comprised of one share of the Company&#146;s Class&nbsp;A common stock, par value $0.0001 per share (the
&#147;<B><I>Class</I></B><B><I></I></B><B><I>&nbsp;A Common Stock</I></B>&#148;), and <FONT STYLE="white-space:nowrap">one-fourth</FONT> of one redeemable warrant. Each whole warrant (each, a &#147;<B><I>Warrant</I></B>&#148;) entitles the holder
thereof to purchase one share of Class&nbsp;A Common Stock at a price of $11.50 per share, subject to adjustment as described in the Prospectus (as defined below). The Units will be sold in the Public Offering pursuant to a registration statement on
Form <FONT STYLE="white-space:nowrap">S-1</FONT> and prospectus (the &#147;<B><I>Prospectus</I></B>&#148;) filed by the Company with the U.S. Securities and Exchange Commission (the &#147;<B><I>Commission</I></B>&#148;) and the Company has applied
to have the Units listed on the New York Stock Exchange (the &#147;<B>NYSE</B>&#148;). Certain capitalized terms used herein are defined in paragraph 11 hereof. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In order to induce the Company and the Underwriters to enter into the Underwriting Agreement and to proceed with the Public Offering and for other good and
valuable consideration, the receipt and sufficiency of which are hereby acknowledged, each of VPC Impact Acquisition Holdings Sponsor III, LLC (the &#147;<B><I>Sponsor</I></B>&#148;) and the undersigned individuals, each of whom is a member of the
Company&#146;s board of directors and/or management team (each of the undersigned individuals, an &#147;<B><I>Insider</I></B>&#148; and collectively, the &#147;<B><I>Insiders</I></B>&#148;), hereby agrees with the Company as follows: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="5%" VALIGN="top" ALIGN="left">1.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">The Sponsor and each Insider agrees that if the Company seeks stockholder approval of a proposed Business
Combination, then in connection with such proposed Business Combination, it, he or she shall (i)&nbsp;vote any shares of Common Stock (as defined below) owned by it, him or her in favor of any proposed Business Combination and (ii)&nbsp;not redeem
any shares of Common Stock owned by it, him or her in connection with such stockholder approval. If the Company seeks to consummate a proposed Business Combination by engaging in a tender offer, the Sponsor and each Insider agrees that it, he or she
will not sell or tender any shares of Common Stock owned by it, him or her in connection therewith. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">2.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">The Sponsor and each Insider here