SEC Contract Filing

Filing Date: 2020-12-11

Document Content:
<DOCUMENT>
<TYPE>EX-10.3
<SEQUENCE>7
<FILENAME>ea131467ex10-3_concordac.htm
<DESCRIPTION>REGISTRATION RIGHTS AGREEMENT, DATED DECEMBER 7, 2020, AMONG THE COMPANY, CONCORD SPONSOR GROUP LLC AND CERTAIN SECURITYHOLDERS
<TEXT>
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<TITLE></TITLE>
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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Exhibit
10.3</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-transform: uppercase; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">REGISTRATION
RIGHTS AGREEMENT</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">THIS
REGISTRATION RIGHTS AGREEMENT (this &ldquo;<B><I>Agreement</I></B>&rdquo;), dated as of December 7, 2020, is made and entered
into by and among Concord Acquisition Corp, a Delaware corporation (the &ldquo;<B><I>Company</I></B>&rdquo;), Concord Sponsor
Group LLC, a Delaware limited liability company (the &ldquo;<B><I>Sponsor</I></B>&rdquo;), CA Co-Investment LLC, a Delaware limited
liability company (&ldquo;<B><I>Cowen Investments</I></B>&rdquo; and together with the Sponsor, the &ldquo;<B><I>Founders</I></B>&rdquo;)
and the undersigned parties listed under Holder on the signature page hereto (each such party, together with the Founders, members
of the Founders and any person or entity who hereafter becomes a party to this Agreement pursuant to <U>Section&nbsp;5.2</U> of
this Agreement, a &ldquo;<B><I>Holder</I></B>&rdquo; and collectively the &ldquo;<B><I>Holders</I></B>&rdquo;).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-transform: uppercase; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">RECITALS</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>WHEREAS</B>,
the Founders own 6,900,000 shares of the Company&rsquo;s Class B common stock, par value $0.0001 per share (the &ldquo;<B><I>Founder
Shares</I></B>&rdquo;);</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>WHEREAS</B>,
up to an aggregate of 900,000 Founder Shares are subject to forfeiture by the Founders if the over-allotment option in connection
with the Company&rsquo;s initial public offering is not exercised in full;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>WHEREAS</B>,
the Founder Shares are convertible into shares of the Company&rsquo;s Class&nbsp;A common stock, par value $0.0001 per share (the
&ldquo;<B><I>Common Stock</I></B>&rdquo;), at the time of the initial Business Combination (as defined below) on a one-for-one
basis, subject to adjustment, on the terms and conditions provided in the Company&rsquo;s amended and restated certificate of
incorporation, as may be amended from time to time;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>WHEREAS</B>,
pursuant to separate agreements with the Company, the Sponsor and Cowen Investments agreed to purchase an aggregate of 680,000
units (or up to 752,000 units if the over-allotment option in connection with the Company&rsquo;s initial public offering is exercised
in full) (the &ldquo;<B><I>Private Placement Units</I></B>&rdquo;), with each such unit consisting of one share of the Company&rsquo;s
Common Stock and one-half of one redeemable warrant (each whole warrant, &ldquo;<B><I>Private Placement Warrant</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 to purchase one share of Common Stock at an exercise price of $11.50 per share;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>WHEREAS</B>,
in order to finance the Company&rsquo;s transaction costs in connection with an initial Business Combination, the Founders or
certain of the Company&rsquo;s officers and directors may loan to the Company funds as the Company may requ