SEC Contract Filing

Filing Date: 2021-08-13

Document Content:
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<TYPE>EX-10.5
<SEQUENCE>9
<FILENAME>d216263dex105.htm
<DESCRIPTION>EX-10.5
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<TITLE>EX-10.5</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>PRIVATE PLACEMENT UNITS PURCHASE AGREEMENT </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">THIS PRIVATE PLACEMENT UNITS PURCHASE AGREEMENT, dated as of August&nbsp;10, 2021 (as it may from time to time be amended and including all
exhibits referenced herein, this &#147;<B>Agreement</B>&#148;), is entered into by and among 10X Capital Venture Acquisition Corp. II, a Cayman Islands exempted company (the &#147;<B>Company</B>&#148;), and Cantor Fitzgerald&nbsp;&amp; Co. (the
&#147;<B>Purchaser</B>&#148;). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, the Company intends to consummate an initial public offering of the Company&#146;s units (the
&#147;<B>Public Offering</B>&#148;), each unit consisting of one Class&nbsp;A ordinary share, par value $0.0001 per share of the Company (each, a &#147;<B>Share</B>&#148;), and <FONT STYLE="white-space:nowrap">one-third</FONT> of one redeemable
warrant. Each whole warrant entitles the holder to purchase one Share at an exercise price of $11.50 per Share. The Purchaser has agreed to purchase an aggregate of 200,000 units (the &#147;<B>Private Placement Units</B>&#148;), each Private
Placement Unit consisting of one Share and <FONT STYLE="white-space:nowrap">one-third</FONT> of one redeemable warrant (the &#147;<B>Private Placement Warrants</B>&#148;), each Private Placement Warrant entitling the holder to purchase one Share at
an exercise price of $11.50 per Share. </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 mutual promises contained in this Agreement and other good
and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties to this Agreement hereby, intending legally to be bound, agree as follows: </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>AGREEMENT </U></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>Section&nbsp;1.
Authorization, Purchase and Sale; Terms of the Private Placement Units. </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">A. <U>Authorization of the Private Placement Units</U>. The
Company has duly authorized the issuance and sale of the Private Placement Units to the Purchaser. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">B. <U>Purchase and Sale of the Private
Placement Units</U>. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(i) On the date of the consummation of the Public Offering or on such earlier time and date as may be mutually
agreed by the Purchaser and the Company (the &#147;<B>Closing Date</B>&#148;), the Company shall issue and sell to the Purchaser, and the Purchaser shall purchase from the Company, an aggregate of 200,000 Private Placement Units at a price of $10.00
per unit for an aggregate purchase price of $2,000,000 (the &#147;<B>Purchase Price</B>&#148;), which shall be paid by wire transfer of immediately available funds to the Company in accordance with the Company&#146;s wiring instructions at least one
business day prior to the date of effectiveness of the registration statement on Form <FONT STYLE="white-space:nowrap">S-1</FONT> (File <FONT STYLE="white-space:nowrap">No.&nbsp;333-253867)</FONT> filed in connection with the Public Offering. On the
Closing Date, the Company, shall either, at its option, deliver certificates evidencing the Private Placement Units purchased by the Purchaser on such date duly registered in the Purchaser&#146;s name to the Purchaser, or effect such delivery in
book-entry form. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(ii) The obligation of the Purchaser to purchase and pay for the Private Placement Units as provided herein shall be
subject to the satisfaction of the conditions set forth in Section&nbsp;1.4.2 of the Underwriting Agreement, dated the date hereof, by and between the Company and Cantor Fitzgerald&nbsp;&amp; Co., as representative of the underwriters named therein
(the &#147;<B>Underwriting Agreement</B>&#148;). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">C. <U>Terms of the Private Placement Units</U>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(i) (i) The Private Placement Units are substantially identical to the units to be offered in the Public Offering except that (a)&nbsp;the
Private Placement Units (including the underlying Shares, Private Placement Warrants and the Shares issuable upon exercise of the Private Placement Warrants) will not, except in limited circumstances, be transferable or salable until 30 days after
the completion of the Company&#146;s initial business combination (the &#147;Business Combination&#148;) so long as they are held by the Purchaser or its permitted transferees, and (b)&nbsp;the Private Placement Units are being purchased pursuant to
an exemption from the registration requirements of the Securities Act and will become freely tradable only </P>
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