SEC Contract Filing

Filing Date: 2021-03-26

Document Content:
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<TYPE>EX-10.3
<SEQUENCE>7
<FILENAME>d22900dex103.htm
<DESCRIPTION>EX-10.3
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<TITLE>EX-10.3</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 10.3 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>REGISTRATION AND SHAREHOLDER RIGHTS AGREEMENT </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">THIS REGISTRATION AND SHAREHOLDER RIGHTS AGREEMENT (this &#147;<B><I>Agreement</I></B>&#148;), dated as of March 22, 2021 is made and entered
into by and among Dragoneer Growth Opportunities Corp. III, a Cayman Islands exempted company (the &#147;<B><I>Company</I></B>&#148;), Dragoneer Growth Opportunities Holdings III, a Cayman Islands 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, including the Sponsor and any person or entity who hereafter becomes a party to this Agreement pursuant to
<U>Section</U><U></U><U> 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:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>WHEREAS</B>,
the Sponsor currently owns 11,200,000 Class&nbsp;B ordinary shares of the Company, par value $0.0001 per share (the &#147;<B><I>Class</I></B><B><I></I></B><B><I>&nbsp;B Ordinary Shares</I></B>&#148;), and the other Holders currently own an aggregate
of 300,000 Class&nbsp;B Ordinary Shares, which were received from the Sponsor; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>WHEREAS</B>, the Class&nbsp;B Ordinary Shares are
convertible into the Company&#146;s Class&nbsp;A ordinary shares, par value $0.0001 per share (the &#147;<B><I>Ordinary Shares</I></B>&#148;), at the time of the initial Business Combination 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 memorandum and articles of association, as may be amended from time to time; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>WHEREAS</B>, on March 22, 2021 the Company and the Sponsor entered into that certain Private Placement Warrants Purchase Agreement,
pursuant to which the Sponsor agreed to purchase 10,000,000 warrants (or up to 11,200,000 warrants if the Underwriters&#146; (as defined below) option to purchase additional Ordinary Shares in connection with the Company&#146;s initial public
offering is exercised in full) (the &#147;<B><I>Private Placement Warrants</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; text-indent:4%; 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, an affiliate of 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 $3,000,000 of such loans may be convertible into
an additional 3,000,000 warrants (the &#147;<B><I>Working Capital Warrants</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
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; text-indent:4%; 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>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ARTICLE I </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>DEFINITIONS </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">1.1
<U>Definitions</U>. The terms defined in this <I>Article I</I> shall, for all purposes of this Agreement, have the respective meanings set forth below: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; 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 un