SEC Contract Filing

Filing Date: 2021-10-05

Document Content:
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<TYPE>EX-10.3
<SEQUENCE>7
<FILENAME>d215596dex103.htm
<DESCRIPTION>EX-10.3
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<TITLE>EX-10.3</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 10.3 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>PRIVATE PLACEMENT WARRANTS PURCHASE AGREEMENT </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">THIS PRIVATE PLACEMENT WARRANTS PURCHASE AGREEMENT, dated as of October&nbsp;5, 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 dMY Technology Group, Inc. VI, a Delaware corporation (the &#147;<B>Company</B>&#148;), and dMY Sponsor VI, LLC, a Delaware limited liability company (the
&#147;<B>Purchaser</B>&#148;). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; 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 share of the Company&#146;s Class&nbsp;A common stock, par value $0.0001 per share (each, a &#147;<B>Share</B>&#148;), and <FONT STYLE="white-space:nowrap">one-half</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 6,200,000 warrants (or 6,830,000 warrants in the aggregate to the extent the over-allotment
option in connection with the Public Offering is exercised) (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; 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; font-size:10pt; font-family:Times New Roman"><B>Section&nbsp;1 Authorization, Purchase and Sale; Terms of the Private Placement Warrants. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">A. <U>Authorization of the Private Placement Warrants.</U> The Company has duly authorized the issuance and sale of the Private Placement Warrants to the
Purchaser. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">B. <U>Purchase and Sale of the Private Placement Warrants</U>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">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>Initial Closing Date</B>&#148;), the Company shall issue and sell to the Purchaser, and the Purchaser shall purchase from the Company, an aggregate of 6,200,000 Private Placement Warrants at a price of $1.00 per warrant for an aggregate
purchase price of $6,200,000 (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;333-257379)</FONT> filed in connection with the Public Offering. On the Initial Closing Date, the
Company, shall either, at its option, deliver certificates evidencing the Private Placement Warrants 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.
On the date of the consummation of the closing of the over-allotment option in connection with the Public Offering or on such earlier time and date as may be mutually agreed by the Purchaser and the Company (each such date, an
&#147;<B>Over-allotment Closing Date</B>,&#148; and each Over-allotment Closing Date (if any) and the Initial Closing Date being sometimes referred to herein as a &#147;<B>Closing Date</B>&#148;), the Company shall issue and sell to the Purchaser,
and the Purchaser shall purchase from the Company, up to an aggregate of 630,000 Private Placement Warrants, in the same proportion as the amount of the over-allotment option that is exercised, at a price of $1.00 per warrant for an aggregate
purchase price of up to $630,000 (if the over-allotment option in connection with the Public Offering is exercised in full) (the &#147;<B>Over-allotment 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. On the Over-allotment Closing Date, upon the payment by the Purchaser of the Over-allotment Purchase Price payable by them by wire transfer of immediately available funds to
the Company, the Company shall either, at its option, deliver certificates evidencing the Private Placement Warrants 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:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">C. <U>Terms of the Private Placement Warrants.</U> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times