SEC Contract Filing

Filing Date: 2021-03-01

Document Content:
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<TYPE>EX-10.5
<SEQUENCE>7
<FILENAME>d655535dex105.htm
<DESCRIPTION>FORM OF WAIVER AGREEMENT
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<TITLE>Form of Waiver Agreement</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 10.5 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>WAIVER AGREEMENT </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This
WAIVER AGREEMENT (this &#147;<B>Agreement</B>&#148;), dated as of February ____, 2021, is made by and among Six4 Holdings, LLC, a Delaware limited liability company (the &#147;<B>Sponsor</B>&#148;), the other holders of SPAC Class&nbsp;B Common
Stock (as defined below) set forth on <U>Schedule I</U> hereto (the &#147;<B>Other Class</B><B></B><B>&nbsp;B Holders</B>&#148;, and together with the Sponsor, collectively, the &#147;<B>Class</B><B></B><B>&nbsp;B Holders</B>&#148;), NavSight
Holdings, Inc., a Delaware corporation (&#147;<B>SPAC</B>&#148;) and Spire Global, Inc (the &#147;<B>Company</B>&#148;). Sponsor, Company and the Other Class&nbsp;B Holders, and SPAC shall be referred to herein collectively as the
&#147;<B>Parties</B>&#148; and individually as a &#147;<B>Party</B>&#148;. Capitalized terms used but not otherwise defined herein shall have the meanings ascribed to such terms in the Business Combination Agreement (as defined below). Sponsor, the
Class&nbsp;B Holders, and the Company are collectively referred to herein as the &#147;Parties&#148; and individually as a &#147;Party.&#148; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, SPAC, NavSight Merger Sub Inc., a Delaware corporation and wholly-owned subsidiary of SPAC (&#147;<B>Merger Sub</B>&#148;), the
Company and certain other parties propose to enter into that certain Business Combination Agreement, dated as of the date hereof (as amended, restated, supplemented, or otherwise modified from time to time, the &#147;<B>Business Combination
Agreement</B>&#148;), pursuant to which, among other things, Merger Sub will merge with and into the Company (the &#147;<B>Merger</B>&#148;), with the Company surviving as a wholly owned subsidiary of SPAC; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, the Class&nbsp;B Holders own shares of Class&nbsp;B common stock of SPAC (the &#147;<B>SPAC Class</B><B></B><B>&nbsp;B Common
Stock</B>&#148;); and </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, the Business Combination Agreement contemplates that the Parties will enter into this Agreement
concurrently with the entry into the Business Combination Agreement, pursuant to which the Class&nbsp;B Holders are waiving any adjustment to the conversion ratio set forth in the Certificate of Incorporation or any other anti-dilution or similar
protection with respect to the shares of SPAC Class&nbsp;B Common Stock related to the transactions contemplated by the Business Combination Agreement, with the result that shares of SPAC Class&nbsp;B Common Stock will convert into shares of
Class&nbsp;A common stock of SPAC (&#147;<B>SPAC Class</B><B></B><B>&nbsp;A Common Stock</B>&#148;) on a <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">1-for-1</FONT></FONT> basis, subject to, and conditioned upon, the occurrence
of the Closing and effective as of immediately prior to the Merger. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">NOW, THEREFORE, in consideration of the premises and the mutual
promises contained herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties, each intending to be legally bound, hereby agree as follows: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">1. <U>Waiver of Anti-Dilution Protection.</U> Subject to, and conditioned upon, the occurrence of the Closing, each of the Class&nbsp;B
Holders, by this Agreement, hereby irrevocably waives (for such Class&nbsp;B Holder and for such Class&nbsp;B Holder&#146;s successors, heirs and assigns), to the fullest extent of the law and the Certificate of Incorporation, and agrees not to
assert or perfect, any rights to adjustment or other anti-dilution protections with respect to the rate at which the shares of SPAC Class&nbsp;B Common Stock held by such Class&nbsp;B Holder as of the date hereof or as of immediately prior to the
consummation of the Business Combination Agreement convert into shares of SPAC Class&nbsp;A Common Stock in connection with the transactions contemplated by the Business Combination Agreement; <U>provided</U> that, for the avoidance of doubt, the
shares of SPAC Class&nbsp;B Common Stock held by each such Class&nbsp;B Holder as of immediately prior to the consummation of the Business Combination Agreement shall convert to shares of SPAC Class&nbsp;A Common Stock on a <FONT
STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">1-for-1</FONT></FONT> basis upon the consummation of the transactions contemplated by the Business Combination Agreement (subject to adjustment for any share split, reverse share split or
similar equity restructuring transaction involving SPAC). </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">2. <U>Termination</U>. This Agreement shall terminate and sha