SEC Contract Filing

Filing Date: 2021-05-06

Document Content:
<DOCUMENT>
<TYPE>EX-10.5
<SEQUENCE>9
<FILENAME>dp150671_ex1005.htm
<DESCRIPTION>EXHIBIT 10.5
<TEXT>
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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0"><B>Exhibit 10.5</B></P>

<P STYLE="margin: 0; text-align: left"><B>&nbsp;</B></P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>PRIVATE PLACEMENT WARRANTS PURCHASE AGREEMENT</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: black">THIS
PRIVATE PLACEMENT WARRANTS PURCHASE AGREEMENT, dated as of </FONT>May 3, <FONT STYLE="color: black">2021 (as it may from time to time
be amended, this &ldquo;<B><I>Agreement</I></B>&rdquo;), is entered into by and between Valor Latitude Acquisition Corp.</FONT>, a Cayman
Islands exempted company <FONT STYLE="color: black">(the &ldquo;<B><I>Company</I></B>&rdquo;), and </FONT>Valor Latitude LLC, a Cayman
Islands limited liability company <FONT STYLE="color: black">(the &ldquo;<B><I>Purchaser</I></B>&rdquo;).</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: black">WHEREAS,
the Company intends to consummate an initial public offering of the Company&rsquo;s units (the &ldquo;<B><I>Public Offering</I></B>&rdquo;),
each unit consisting of one Class A Ordinary Share, par value $0.0001 per share, of the Company (an &ldquo;<B><I>Ordinary Share</I></B>&rdquo;),
and one-third of one redeemable warrant. Each whole warrant entitles the holder to purchase one Ordinary Share at an exercise price of
$11.50 per Ordinary Share. The Purchaser has agreed to purchase an aggregate of 3,400,000 warrants </FONT><FONT STYLE="background-color: white">(or
3,740,000 in the aggregate if the over-allotment option in connection with the Public Offering is exercised in full)</FONT> <FONT STYLE="color: black">(the
&ldquo;<B><I>Private Placement Warrants</I></B>&rdquo;), each Private Placement Warrant entitling the holder to purchase one Ordinary
Share at an exercise price of $11.50 per Share.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">NOW THEREFORE, in consideration
of the mutual promises contained in this Agreement and other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the parties to this Agreement hereby, intending legally to be bound, agree as follows:</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><U>AGREEMENT</U></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Authorization,
Purchase and Sale; Terms of the Private Placement Warrants.</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">A.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Authorization
of the Private Placement Warrants</U>. The Company has duly authorized the issuance and sale of the Private Placement Warrants to the
Purchaser.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">B.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Purchase
and Sale of the Private Placement Warrants</U>.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On
the date of the consummation of the Public Offering or on such earlier time and date as may be mutually agreed by the Purchaser and the
Company (the &ldquo;<B><I>Initial Closing Date</I></B>&rdquo;), the Company shall issue and sell to the Purchaser, and the Purchaser shall
purchase from the Company, an aggregate of 3,400,000 Private Placement Warrants at a price of $1.50 per warrant for an aggregate purchase
price of $5,100,000 (the &ldquo;<B><I>Purchase Price</I></B>&rdquo;), which shall be paid by wire transfer of immediately available funds
to the Company at least one business day prior to the Initial Closing Date in accordance with the Company&rsquo;s wiring instructions.
On the Initial Closing Date, upon the payment by the Purchaser of the Purchase Price, the Company, at its option, shall deliver a certificate
evidencing the Private Placement Warrants purchased by the Purchaser on such date duly registered in the Purchaser&rsquo;s name to the
Purchaser, or effect such delivery in book-entry form.</P>

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