SEC Contract Filing

Filing Date: 2020-04-30

Document Content:
<DOCUMENT>
<TYPE>EX-10.3
<SEQUENCE>7
<FILENAME>tm2017926d1_ex10-3.htm
<DESCRIPTION>EXHIBIT 10.3
<TEXT>
<HTML>
<HEAD>
<TITLE></TITLE>
</HEAD>
<BODY>

<P STYLE="font: bold 10pt Times New Roman,serif; margin: 0 0 12pt; text-align: right">Exhibit 10.3<I>&nbsp;</I></P>

<P STYLE="font: bold 10pt Times New Roman,serif; margin: 0 0 12pt; text-align: right"><I>Execution Version</i></P>

<P STYLE="font: bold 10pt Times New Roman,serif; margin: 0 0 12pt; text-align: center">REGISTRATION RIGHTS AGREEMENT</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 12pt; text-indent: 0.5in">THIS REGISTRATION RIGHTS AGREEMENT (this &ldquo;<B><I>Agreement</I></B>&rdquo;),
dated as of April 27, 2020, is made and entered into by and among Social Capital Hedosophia Holdings Corp. II, a Cayman Islands
exempted company (the &ldquo;<B><I>Company</I></B>&rdquo;), and SCH Sponsor II LLC, a Cayman Islands limited liability company
(the &ldquo;<B><I>Sponsor</I></B>&rdquo;), and any other parties listed on the signature pages hereto (together with the Sponsor
and any person or entity who hereafter becomes a party to this Agreement pursuant to <U>Section 5.2</U> of this Agreement, the
 &ldquo;<B><I>Holders</I></B>&rdquo; and, each, a &ldquo;<B><I>Holder</I></B>&rdquo;).</P>

<P STYLE="font: bold 10pt Times New Roman,serif; margin: 0 0 12pt; text-align: center">RECITALS</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 12pt; text-indent: 0.5in"><B>WHEREAS</B>, the Company and the Sponsor have
entered into that certain Securities Subscription Agreement, dated as of January 21, 2020, pursuant to which the Sponsor subscribed
for an aggregate of 8,625,000 Class B ordinary shares, par value $0.0001 per share, of the Company (&ldquo;<B><I>Class B Ordinary
Shares</I></B>&rdquo;);</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 12pt; text-indent: 0.5in"><B>WHEREAS</B>, on March 10, 2020, the Sponsor
entered into that certain Securities Assignment Agreement, pursuant to which the Sponsor assigned an aggregate of 200,000 of its
Class B Ordinary Shares to David Spillane and Cipora Herman;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 12pt; text-indent: 0.5in"><B>WHEREAS</B>, on April 27, 2020, the Company
effected a share capitalization resulting in an increase in the total number of Class B Ordinary Shares outstanding from 8,625,000
to 10,350,000 (the &ldquo;<B><I>Founder Shares</I></B>&rdquo;) (which includes up to 1,350,000 shares that are subject to forfeiture
by our Sponsor depending on the extent to which the underwriters&rsquo; over-allotment option is exercised);</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 12pt; text-indent: 0.5in"><B>WHEREAS</B>, the Founder Shares are convertible
into the Company&rsquo;s Class A ordinary shares, par value $0.0001 per share (the &ldquo;<B><I>Ordinary Shares</I></B>&rdquo;),
at the time of the initial Business Combination, or earlier at the option of the holder, on a one-for-one basis, subject to adjustment,
on the terms and conditions provided in the Company&rsquo;s amended and restated memorandum and articles of association, as may
be amended from time to time;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 12pt; text-indent: 0.5in"><B>WHEREAS</B>, on April 27, 2020, the Company
and the Sponsor entered into that certain Sponsor Warrants Purchase Agreement (the &ldquo;<B><I>Private Placement Warrants Purchase
Agreement</I></B>&rdquo;), pursuant to which the Sponsor agreed to purchase 6,133,333 warrants (the &ldquo;<B><I>Private Placement
Warrants</I></B>&rdquo;), in a private placement transaction occurring simultaneously with the closing of the Company&rsquo;s initial
public offering, each Private Placement Warrant entitling the holder thereof to purchase one Ordinary Share at a price of $11.50;
and</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 12pt; text-indent: 0.5in"><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="font: 10pt Times New Roman,serif; margin: 0 0 12pt; text-indent: 0.5in"><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>

<!-- Field: Page; Sequence: 1 -->
 <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
 <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
 <!-- Field: /Page -->
<P STYLE="font: 10pt Times New Roman Bold,serif; margin: 0 0 12pt; text-align: center; text-indent: 0in"><FONT STYLE="text-transform: uppercase"><B>Article
I</B></FONT><BR>
<B>DEFINITIONS</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 12pt; text-indent: 0.5in">1.1<FONT STYLE="font-family: Times New Roman; font-size: 10pt">&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;
</FONT><U>Definitions</U>. The terms defined in this Article I shall, for all purposes of this Agreement, have the respective meanings
set forth below:</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 12pt; text-indent: 0.5in">&ldquo;<B><I>Adverse Disclosure</I></B>&rdquo;
shall mean any public disclosure of material non-public information, which disclosure, in the good faith judgment of the Chief
Executive Officer, the President or the principal financia