SEC Contract Filing

Filing Date: 2022-03-14

Document Content:
<DOCUMENT>
<TYPE>EX-10.3
<SEQUENCE>7
<FILENAME>dp169037_ex1003.htm
<DESCRIPTION>EXHIBIT 10.3
<TEXT>
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<P STYLE="text-align: right; margin: 0"><B>Exhibit 10.3</B></P>

<P STYLE="margin: 0; text-align: right"><B>&nbsp;</B></P>

<P STYLE="margin: 0; text-align: right"><B>Execution Version</B></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">REGISTRATION RIGHTS AGREEMENT</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">THIS REGISTRATION RIGHTS AGREEMENT (this &ldquo;<B><I>Agreement</I></B>&rdquo;),
dated as of March 9, 2022, is made and entered into by and among Patria Latin American Opportunity Acquisition Corp., a Cayman Islands
exempted company (the &ldquo;<B><I>Company</I></B>&rdquo;), Patria SPAC LLC, a Cayman Islands limited liability company (the &ldquo;<B><I>Sponsor</I></B>&rdquo;)
and each of the undersigned parties listed on the signature page hereto under &ldquo;Holders&rdquo; (each such party, together with the
Sponsor and any person or entity who hereafter becomes a party to this Agreement pursuant to <U>Section 5.2</U> of this Agreement, a &ldquo;<B><I>Holder</I></B>&rdquo;
and collectively the &ldquo;<B><I>Holders</I></B>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">RECITALS</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in"><B>WHEREAS</B>, the Company has 5,750,000 Class
B ordinary shares, par value $0.0001 per share (the &ldquo;<B><I>Founder Shares</I></B>&rdquo;), issued and outstanding, up to 750,000
of which will be surrendered to the Company for no consideration depending on the extent to which the underwriters of the Company&rsquo;s
initial public offering exercise their over-allotment option;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in"><B>WHEREAS</B>, the Founder Shares are convertible
into Class A ordinary shares of the Company, par value $0.0001 per share (the <B>&ldquo;<I>Ordinary Shares</I></B>&rdquo;), on the terms
and conditions provided in the Company&rsquo;s amended and restated memorandum and articles of association;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in"><B>WHEREAS</B>, on the date hereof, the Company
and the Sponsor entered into that certain subscription agreement (the &ldquo;<B><I>Private Placement Warrants Purchase Agreement</I></B>&rdquo;),
pursuant to which the Sponsor agreed to purchase an aggregate of 13,000,000 private placement warrants (or up to 14,500,000 warrants to
the extent that the over-allotment option in connection with the Company&rsquo;s initial public offering is exercised) (the &ldquo;<B><I>Private
Placement Warrants</I></B>&rdquo;) in a private placement transaction occurring simultaneously with the closing of the Company&rsquo;s
initial public offering; <B>WHEREAS</B>, in order to finance the Company&rsquo;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&rsquo;s officers
and directors may loan to the Company funds as the Company may require, of which up to $1,500,000 of such loans may be convertible into
private placement-equivalent warrants (&ldquo;<B><I>Working Capital Warrants</I></B>&rdquo;) at a price of&thinsp;$1.00 per warrant at
the option of the lender; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in"><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="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in"><B>NOW</B>, <B>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="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">ARTICLE I<BR>
DEFINITIONS</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">1.1 <U>Definitions</U>. The terms defined in this
<I><U>Article I</U></I> shall, for all purposes of this Agreement, have the respective meanings set forth below:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">&ldquo;<B><I>Adverse Disclosure</I></B>&rdquo;
shall mean any public disclosure of material non-public information, which disclosure, in the good faith jud