Surrender of Shares and
Amendment No. 1 to the
Securities Subscription Agreement
This Surrender of Shares and Amendment No. 1 to the Securities Subscription Agreement (as defined below), dated September 24, 2021 (this Agreement), is made by and between dMY Technology Group, Inc. VI (f/k/a TdMY Technology Group, Inc.), a Delaware corporation (the Company), and dMY Sponsor VI, LLC (f/k/a TdMY Sponsor, LLC), a Delaware limited liability company (the Subscriber).
WHEREAS, the Company and the Subscriber have entered into that certain Securities Subscription Agreement, dated as of April 16, 2021 (the Subscription Agreement), pursuant to which the Subscriber subscribed for an aggregate of 7,187,500 shares of Class B common stock, par value $0.0001 per share of the Company (Class B Shares), for an aggregate purchase price of $25,000, of which to 937,500 of such Class B Shares are subject to complete or partial forfeiture by the Subscriber if the underwriters of the Companys initial public offering (the IPO) do not fully exercise their over-allotment option as described therein;
WHEREAS, the Subscriber desires to surrender for no consideration 2,156,250 Class B Shares, resulting in an aggregate of 5,031,250 Class B shares outstanding, of which up to 656,250 Class B Shares are intended to be subject to complete or partial forfeiture by the Subscriber if the underwriters of the Companys IPO do not fully exercise their over-allotment option as described in the Subscription Agreement;
WHEREAS, as a result of such surrender, the per-share purchase price will increase from approximately $0.003 per share to approximately $0.005 per share; and
WHEREAS, the Company and the Subscriber desire to amend the Subscription Agreement to modify the number of Class B Shares subject to forfeiture in connection with the IPO and the Subscriber desires to provide an irrevocable notice of surrender of certain Class B Shares to the Company.
NOW, THEREFORE, in consideration of the mutual conditions and agreements set forth in this Agreement, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows:
| ||(a) || |
The Subscriber hereby irrevocably surrenders to the Company for no consideration 2,156,250 Class B Shares.
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The Subscriber confirms that the Company has not, as at the date of this letter, issued any share certificates to it.
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Amendment to Subscription Agreement. Section 3.1 of the Subscription Agreement is hereby amended by deleting the phrase 937,500 Shares in its entirety and by substituting in lieu thereof the phrase 656,250 Shares.
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Agreement Remains Effective. Except as modified herein or amended hereby, the terms and conditions contained in the Subscription Agreement shall continue in full force and effect.
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Governing Law. This Agreement and the rights and obligations of the parties hereunder shall be construed in accordance with and governed by the laws of New York applicable to contracts wholly performed within the borders of such state, without giving effect to the conflict of law principles thereof.
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Headings and Captions. The headings and captions of the various subdivisions of this Agreement are for convenience of reference only and shall in no way modify or affect the meaning or construction of any of the terms or provisions hereof.