SEC Contract Filing

Filing Date: 2021-02-04

Document Content:
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<TYPE>EX-10.3
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<FILENAME>d25713dex103.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>REGISTRATION RIGHTS AGREEMENT </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">THIS REGISTRATION RIGHTS AGREEMENT (this &#147;<U>Agreement</U>&#148;), dated as of February&nbsp;1, 2021, is made and entered into by and
among Thimble Point Acquisition Corp., a Delaware corporation (the &#147;<U>Company</U>&#148;), LJ10 LLC, a Delaware limited liability company (the &#147;<U>Sponsor</U>&#148;), and the undersigned parties listed under Holder on the signature
page&nbsp;hereto (each such party, together with the Sponsor and any person or entity who hereafter becomes a party to this Agreement pursuant to <U>Section</U><U></U><U>&nbsp;5.2</U> of this Agreement, a &#147;<U>Holder</U>&#148; and collectively
the &#147;<U>Holders</U>&#148;). </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>RECITALS </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman"><B>WHEREAS</B>, the Company and the Sponsor have entered into that certain Securities Subscription Agreement, dated as of December&nbsp;7,
2020 pursuant to which the Sponsor purchased an aggregate of 6,900,000 shares after giving effect to stock-splits occurring on or prior to the date hereof (including a
<FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">1.2-to-1</FONT></FONT> forward stock split expected to occur on February&nbsp;2, 2021) (the &#147;<U>Founder Shares</U>&#148;) of the Company&#146;s Class&nbsp;B common stock, par
value $0.0001 per share (the &#147;<U>Class</U><U></U><U>&nbsp;B Common Stock</U>&#148;) (up to 900,000 of which are subject to forfeiture by the Sponsor depending on the extent to which the underwriter&#146;s over-allotment option is exercised),
180,000 of which were subsequently transferred to certain of the Sponsor&#146;s independent directors; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman"><B>WHEREAS</B>, the Founder Shares
are convertible into shares of the Company&#146;s Class&nbsp;A common stock, par value $0.0001 per share (the &#147;<U>Common Stock</U>&#148;), on the terms and conditions provided in the Company&#146;s amended and restated certificate of
incorporation; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman"><B>WHEREAS</B>, on February&nbsp;1, 2021, the Company and the Sponsor entered into that certain Private Placement Warrants
Purchase Agreement, pursuant to which the Sponsor agreed to purchase an aggregate of 4,533,333 warrants (or up to 5,013,333 warrants if the over-allotment option in connection with the Company&#146;s initial public offering is exercised in full)
(the &#147;<U>Private Placement Warrants</U>&#148;), in a private placement occurring simultaneously with the closing of the Company&#146;s initial public offering; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman"><B>WHEREAS</B>,<B> </B>in order to finance transaction costs in connection with an intended initial business combination, the Sponsor or an
affiliate of the Sponsor or certain of the Company&#146;s officer 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 warrants (&#147;<U>Working Capital
Warrants</U>&#148;) at a price of $1.50 per warrant; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman"><B>WHEREAS</B>, on February&nbsp;1, 2021, the Company and KLP SPAC 1 LLC entered
into that certain Forward Purchase Agreement (the &#147;<U>Forward Purchase Agreement</U>&#148;) in connection with the Company&#146;s initial public offering; and </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman"><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="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman"><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="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ARTICLE&nbsp;I </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>DEFINITIONS </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">1.1
<U>Definitions</U>. The terms defined in this <U>Article</U><U></U><U>&nbsp;I</U> shall, for all purposes of this Agreement, have the respective meanings set forth below: </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">&#147;<U>Adverse Discl