SEC Contract Filing

Filing Date: 2021-03-18

Document Content:
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<TYPE>EX-10.2
<SEQUENCE>6
<FILENAME>d128504dex102.htm
<DESCRIPTION>EX-10.2
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<TITLE>EX-10.2</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 10.2 </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;<B><I>Agreement</I></B>&#148;) is made effective as of March&nbsp;15, 2021, by and
between Reinvent Technology Partners Y, a Cayman Islands exempted company (the &#147;<B><I>Company</I></B>&#148;), and Continental Stock Transfer&nbsp;&amp; Trust Company, a New York corporation (the &#147;<B><I>Trustee</I></B>&#148;). </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&#146;s registration statement on Form <FONT STYLE="white-space:nowrap">S-1,</FONT> File <FONT
STYLE="white-space:nowrap">No.&nbsp;333-253075</FONT> (the &#147;<B><I>Registration Statement</I></B>&#148;), and prospectus (the &#147;<B><I>Prospectus</I></B>&#148;) for the initial public offering of the Company&#146;s units (the
&#147;<B><I>Units</I></B>&#148;), each of which consists of one of the Company&#146;s Class&nbsp;A ordinary shares, par value $0.0001 per share (each, an &#147;<B><I>Ordinary Share</I></B>&#148;), and
<FONT STYLE="white-space:nowrap">one-eighth</FONT> of one redeemable warrant, each whole warrant entitling the holder thereof to purchase one Ordinary Share (such initial public offering hereinafter referred to as the
&#147;<B><I>Offering</I></B>&#148;), has been declared effective as of the date hereof by the U.S. Securities and Exchange Commission; and </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 has entered into an Underwriting Agreement (the &#147;<B><I>Underwriting Agreement</I></B>&#148;) with Morgan
Stanley&nbsp;&amp; Co. LLC, as representative of the several underwriters (the &#147;<B><I>Underwriters</I></B>&#148;) named therein; and </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>WHEREAS</B>, as described in the Prospectus, $850,000,000 of the gross proceeds of the Offering and sale of the Private Placement Warrants
(as defined in the Underwriting Agreement) (or $977,500,000 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;<B><I>Trust Account</I></B>&#148;) for the benefit of the Company and the holders of Ordinary Shares 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;<B><I>Property</I></B><I>,</I>&#148; the shareholders for whose benefit the Trustee shall hold the Property will be referred to as the &#147;<B><I>Public
Shareholders</I></B><I>,</I>&#148; and the Public Shareholders and the Company will be referred to together as the &#147;<B><I>Beneficiaries</I></B>&#148;); and </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>WHEREAS</B>, pursuant to the Underwriting Agreement, a portion of the Property equal to $29,750,000, or $34,212,500 if the
Underwriters&#146; over-allotment option is exercised in full, is attributable to deferred underwriting discounts and commissions that may be payable by the Company to the Underwriters upon the consummation of the Business Combination (as defined
below) (the &#147;<B><I>Deferred Discount</I></B>&#148;); and </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 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:12pt; 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 located in the United States at J.P. Morgan Chase Bank, N.A. (or at another U.S. chartered commercial bank with consolidated assets of $100&nbsp;billion or more) and at a brokerage institution selected by the Trustee that is reasonably
satisfactory to the Company; </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(b) Manage, supervise and administer the Trust Account subject to the terms and conditions
set forth herein; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(c) In a timely manner, upon the written instruction of the Company, invest and reinvest the Property in United States
government securities within the meaning of Section&nbsp;2(a)(16) of the Investment Company Act of 1940, as amended, having