SEC Contract Filing

Filing Date: 2020-09-22

Document Content:
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<TYPE>EX-10.3
<SEQUENCE>7
<FILENAME>d62020dex103.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:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>PRIVATE PLACEMENT WARRANTS PURCHASE AGREEMENT </U></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">THIS PRIVATE PLACEMENT WARRANTS PURCHASE AGREEMENT (as it may from time to time be amended and including all exhibits referenced herein, this
<B>&#147;</B><B><I>Agreement</I></B><B>&#148;</B>), dated as of September&nbsp;16, 2020, is entered into by and between ACON S2 Acquisition Corp., a Cayman Islands exempted company (the <B>&#147;</B><B><I>Company</I></B><B>&#148;</B>), and ACON S2
Sponsor, L.L.C., a Delaware limited liability company (the <B><I>&#147;Purchaser&#148;</I></B>). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, the Company intends to
consummate an initial public offering of the Company&#146;s units (the <B>&#147;</B><B><I>Public Offering</I></B><B>&#148;</B>), each unit consisting of one Class&nbsp;A ordinary share of the Company, par value $0.0001 per share (each, a
<B>&#147;</B><B><I>Share</I></B><B>&#148;</B>), and <FONT STYLE="white-space:nowrap">one-third</FONT> of one redeemable warrant, each whole warrant entitling the holder to purchase one Share at an exercise price of $11.50 per Share, as set forth in
the Company&#146;s Registration Statements on Form <FONT STYLE="white-space:nowrap">S-l,</FONT> filed with the U.S. Securities and Exchange Commission (the <B>&#147;</B><B><I>SEC</I></B><B>&#148;</B>), File Numbers
<FONT STYLE="white-space:nowrap">377-03361</FONT> and <FONT STYLE="white-space:nowrap">333-248515,</FONT> under the Securities Act of 1933, as amended (the <B>&#147;</B><B><I>Securities Act</I></B><B>&#148;</B>). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, the Purchaser has agreed to purchase an aggregate of 4,666,667 warrants (and up to 500,000 additional redeemable warrants if the
underwriters in the Public Offering exercises its option to purchase additional units in full) (the <B>&#147;</B><B><I>Private Placement Warrants</I></B><B>&#148;</B>), each Private Placement Warrant entitling the holder to purchase one Share at an
exercise price of $11.50 per Share, at a price of $1.50 per warrant, subject to adjustment. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">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>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><U>AGREEMENT</U> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman"><B>Section&nbsp;1. Authorization, Purchase and Sale; Terms of the Private Placement Warrants.</B> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">A. <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> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">B. <U>Purchase and Sale of the Private Placement Warrants</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:9%; font-size:10pt; font-family:Times New Roman">(i) On the date of the consummation of the Public Offering (the <B>&#147;</B><B><I>IPO</I></B> <B><I>Closing
Date</I></B><B>&#148;</B>), the Company shall issue and sell to the Purchaser, and the Purchaser shall<B><I> </I></B>purchase from the Company, 4,666,667 Private Placement Warrants at a price of $1.50 per warrant for an aggregate purchase price of
$7,000,000 (the <B><I>&#147;Purchase Price&#148;</I></B>). The Purchaser shall pay the Purchase Price by wire transfer of immediately available funds in the following amounts: (i) $2,000,000 to the Company at a financial institution to be chosen by
the Company, and (ii) $5,000,000 to the trust account maintained by Continental Stock Transfer&nbsp;&amp; Trust Company, acting as trustee (the <B>&#147;</B><B><I>Trust Account</I></B><B>&#148;</B>), in each case in accordance with the
Company&#146;s wiring instructions, at least one (1)&nbsp;business day prior to the IPO Closing Date. On the IPO Closing Date, subject to the receipt of funds pursuant to the immediately prior sentence, the Company, at its option, shall deliver a
certificate evidencing the Private Placement Warrants purchased on such date duly registered in the Purchaser&#146;s name to the Purchaser or effect such delivery in book-entry form. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; text-indent:9%; font-size:10pt; font-family:Times New Roman">(ii) On the date of the closing of the option to purchase additional units,
if any, in connection with the Public Offering or on such earlier time and date as may be mutually agreed by the Purchaser and the Company (the <B>&#147;</B><B><I>Option Closing Date</I></B><B>&#148;</B>, and each Option Closing Date (i