SEC Contract Filing

Filing Date: 2021-07-07

Document Content:
<DOCUMENT>
<TYPE>EX-10.6
<SEQUENCE>8
<FILENAME>d185614dex106.htm
<DESCRIPTION>EX-10.6
<TEXT>
<HTML><HEAD>
<TITLE>EX-10.6</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.6 </B></P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>LOCKUP AGREEMENT </U></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>[Form for Sponsor and SPAC D&amp;O] </U></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This Lockup Agreement is dated as of [&#149;], 202[&#149;] and is between [PUBCO]<SUP STYLE="font-size:85%; vertical-align:top">1</SUP>, a
Delaware corporation (the &#147;<B><U>Company</U></B>&#148;) (f/k/a dMY Technology Group, Inc. IV), dMY Sponsor IV, LLC, a Delaware limited liability company (the &#147;<B><U>Sponsor</U></B>&#148;), each of the stockholder parties identified on
<U>Exhibit A</U> hereto and the other Persons who enter into a joinder to this Agreement substantially in the form of <U>Exhibit</U><U></U><U>&nbsp;B</U><SUP STYLE="font-size:85%; vertical-align:top">2</SUP> hereto with the Company in order to
become a &#147;Stockholder Party&#148; for purposes of this Agreement (collectively, the &#147;<B><U>Stockholder Parties</U></B>&#148;). Capitalized terms used but not defined herein shall have the meanings assigned to them in the Merger Agreement
(as defined below). </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>BACKGROUND: </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 Stockholder Parties own or will own equity interests in the Company; </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, Photon Merger Sub, Inc., a Delaware corporation and a direct wholly owned subsidiary of the Company
(&#147;<B><U>First Merger Sub</U></B>&#148;), Photon Merger Sub Two, LLC a Delaware limited liability company and a direct wholly owned subsidiary of the Company (&#147;<B><U>Second Merger Sub</U></B>&#148;), and Planet Labs Inc., a Delaware
corporation (&#147;<B><U>Planet</U></B>&#148;), entered into an Agreement and Plan of Merger (as amended or modified from time to time, the &#147;<B><U>Merger Agreement</U></B>&#148;), dated as of July&nbsp;7, 2021, pursuant to which, among other
transactions, First Merger Sub merged with and into Planet, with Planet continuing on as the surviving corporation and a wholly-owned subsidiary of the Company (the &#147;<B><U>First Merger&#148;</U></B>)], and, immediately following the First
Merger and as part of the same overall transaction as the First Merger, Planet merged with and into Second Merger Sub, with Second Merger Sub continuing on as the surviving entity and a wholly-owned subsidiary of the Company (the &#147;<B><U>Second
Merger</U></B>&#148; and together with the First Merger, the &#147;<B><U>Mergers</U></B>&#148;), all on the terms and conditions set forth therein; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>WHEREAS</B>, each Acquiror Director is a member of the Sponsor and, immediately prior to the Closing, the Sponsor holds all Class&nbsp;B
Common Stock, which were converted into Class&nbsp;A Common Stock at the Closing; and </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>WHEREAS</B>, in connection with the Mergers, the
parties hereto wish to set forth herein certain understandings between such parties with respect to restrictions on the transfer of equity interests in the Company. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>NOW, THEREFORE</B>, the parties agree as follows: </P>
<P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:11%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">1</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B>Note to Draft</B>: Name of public company to be determined. </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">2</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B>Note to Draft</B>: Exhibit B to be executed by all recipients of founder shares that are distributed by the
Sponsor post-Closing and prior to the end of the Lock-up Period that are affiliates of the executive officers and directors of dMY listed on Exhibit A. Exhibit C to be executed by all other recipients of founder shares that are distributed by the
Sponsor post-Closing and prior to the end of the Lock-up Period. </P></TD></TR></TABLE>
</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ARTICLE