SEC Contract Filing

Filing Date: 2021-03-09

Document Content:
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<TYPE>EX-10.1
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<FILENAME>d115991dex101.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:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>INVESTMENT MANAGEMENT TRUST AGREEMENT </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This Investment Management Trust Agreement (this &#147;Agreement&#148;) is made effective as of March&nbsp;3, 2021 by and between Khosla
Ventures Acquisition Co., a Delaware corporation (the &#147;Company&#148;) and Continental Stock Transfer&nbsp;&amp; Trust Company, a New York limited purpose trust company (the &#147;Trustee&#148;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, the Company&#146;s registration statement on Form <FONT STYLE="white-space:nowrap">S-1,</FONT>
<FONT STYLE="white-space:nowrap">No.&nbsp;333-253096</FONT> (the &#147;Registration Statement&#148;) and prospectus (the &#147;Prospectus&#148;), for its initial public offering of shares (the &#147;Shares&#148; ) of the Company&#146;s Class&nbsp;A
common stock, par value $0.0001 per share (the &#147;Common Stock&#148;) (such initial public offering hereinafter referred to as the &#147;Offering&#148;), has been declared effective as of the date hereof (the &#147;Effective Date&#148;) by the
U.S. Securities and Exchange Commission (capitalized terms used herein and not otherwise defined shall have the meanings set forth in the Registration Statement); </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, the Company has entered into an Underwriting Agreement (the &#147;Underwriting Agreement&#148;) with Goldman Sachs&nbsp;&amp;
Co.&nbsp;LLC, as representative (the &#147;Representative&#148;) of the several underwriters (the &#147;Underwriters&#148;) named therein; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, simultaneously with the Offering, the Company&#146;s sponsor will be purchasing 900,000 shares of Common Stock (&#147;Private
Placement Shares&#148;) from the Company for an aggregate purchase price of $9,000,000 (and additional amounts of Private Placement Shares from the Company if the Underwriters exercise their over-allotment option, up to 990,000 Private Placement
Shares for an aggregate purchase price of $9,900,000 if the Underwriters&#146; over-allotment option is exercised in full); </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, as
described in the Registration Statement, $300,000,000 of the gross proceeds of the Offering and sale of the Private Placement Shares ($345,000,000 if the Underwriters&#146; over-allotment option is exercised in full) will be delivered to the Trustee
to be deposited and held in a segregated trust account located at all times in the United States (the &#147;Trust Account&#148;) for the benefit of the Company and the holders of shares of the Common Stock included in the Units issued in the
Offering as hereinafter provided (the amount to be delivered to the Trustee (and any interest subsequently earned thereon) is referred to herein as the &#147;Property,&#148; the stockholders for whose benefit the Trustee shall hold the Property will
be referred to as the &#147;Public Stockholders,&#148; and the Public Stockholders and the Company will be referred to together as the &#147;Beneficiaries&#148;); and </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, pursuant to the Underwriting Agreement, a portion of the Property equal to $10,500,000, or $12,075,000 if the Underwriters&#146;
over-allotment option is exercised in full, is attributable to deferred underwriting discounts and commissions that will be payable by the Company to the Underwriters upon and concurrently with the consummation of the initial business combination
(as described in the Prospectus, a &#147;Business Combination&#148;) (the &#147;Deferred Discount&#148;); and </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, the Company and
the Trustee desire to enter into this Agreement to set forth the terms and conditions pursuant to which the Trustee shall hold the Property. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">1 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">NOW THEREFORE, IT IS AGREED: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">1. <U>Agreements and Covenants of Trustee</U>. The Trustee hereby agrees and covenants to: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(a) Hold the Property in trust for the Beneficiaries in accordance with the terms of this Agreement in the Trust Account established by the
Trustee in the United States at JPMorgan Chase Bank N.A. (or at another U.S. chartered commercial bank with consolidated assets of $100&nbsp;billion or more) in the United States, maintained by the Trustee and at a brokerage institution selected by
the Trustee that is reasonably satis