SEC Contract Filing

Filing Date: 2021-05-28

Document Content:
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<TYPE>EX-10.3
<SEQUENCE>6
<FILENAME>d570652dex103.htm
<DESCRIPTION>EX-10.3
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<TITLE>EX-10.3</TITLE>
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<Center><DIV STYLE="width:8.5in" align="left">
 <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:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>REGISTRATION AND STOCKHOLDER RIGHTS AGREEMENT </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">THIS REGISTRATION AND STOCKHOLDER RIGHTS AGREEMENT (this &#147;<B><I>Agreement</I></B>&#148;), dated as of May&nbsp;25, 2021, is made and entered into by and
among Dynamics Special Purpose Corp., a Delaware corporation (the &#147;<B><I>Company</I></B>&#148;), Dynamics Sponsor LLC, a Delaware limited liability company (the &#147;<B><I>Sponsor</I></B>&#148;), and the undersigned parties listed under Holder
on the signature page 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;6.2</U> of this Agreement, a &#147;<B><I>Holder</I></B>&#148;
and collectively the &#147;<B><I>Holders</I></B>&#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:6pt; margin-bottom:0pt; 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 March&nbsp;8, 2021, pursuant to which
the Sponsor purchased an aggregate of 5,750,000 shares (the &#147;<B><I>Founder Shares</I></B>&#148;) of the Company&#146;s Class&nbsp;B common stock, par value $0.0001 per share (the &#147;<B><I>Class</I></B><B><I></I></B><B><I>&nbsp;B Common
Stock</I></B>&#148;); </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; 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;<B><I>Common Stock</I></B>&#148;), on a <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">one-for-one</FONT></FONT> basis, subject to adjustment on the terms and conditions provided in the Company&#146;s amended
and restated certificate of incorporation, as may be amended from time to time; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>WHEREAS</B>, on May&nbsp;25, 2021, the Company and the Sponsor entered
into that certain Private Placement Shares Purchase Agreement, pursuant to which the Sponsor agreed to purchase 655,500 shares of Common Stock (or up to 715,500 shares of Common Stock if the Underwriter&#146;s (as defined below) option to purchase
additional shares of Common Stock in connection with the Company&#146;s initial public offering is exercised in full) (the &#147;<B><I>Private Placement Shares</I></B>&#148;), in a private placement transaction occurring simultaneously with the
closing of the Company&#146;s initial public offering; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>WHEREAS</B>, in order to finance the Company&#146;s transaction costs in connection with an
intended Business Combination (as defined below), the Sponsor or certain of the Company&#146;s officers or directors may, but are not obligated to, loan the Company funds as the Company may require, of which up to $2,000,000 of such loans may be
convertible into shares of the Company at a price of $10.00 per share at the option of the lender (the &#147;<B><I>Working Capital Shares</I></B>&#148;); and </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; 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; font-size:10pt; font-family:Times New Roman"><B>NOW</B>, <B>THEREFORE</B>, in consideration of the mutual
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 1 </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">DEFINITIONS
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">1.1 <B><U>Definitions</U></B><B>. The terms defined in this </B><B><I>Article I</I></B><B> shall, for all purposes of this Agreement, have the respective
meanings set forth below:</B> </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&#147;<B><I>Adverse Disclosure</I></B>&#148; shall mean any public disclosure of material
<FONT STYLE="white-space:nowrap">non-public</FONT> information, which disclosure, in the good faith judgment of the principal executive officer or principal financial officer of the Company, after consultation with counsel to the Company,
(i)&nbsp;would be required to be made in any Registration Statement or Prospectus in order for the applicable Registration Statement or Prospectus not to contain any untrue statement of a material fact or omit to state a material fact necessary to
make the statements contained therein (in the case of any prospectus and any preliminary prospectus, in the light of the circumstances under which they were made) not misleading, (ii)&nbsp;would not be required to be made at