Exhibit 10.15
SAMBA TV, INC.
COMMON STOCK PURCHASE AGREEMENT
THIS COMMON STOCK PURCHASE AGREEMENT (the “Agreement”) is made as of December 3, 2021, by and between Samba TV, Inc., a Delaware corporation (the “Company”), and Sony Corporation (the “Investor”).
WHEREAS, the Company is proposing to issue and sell to the Investor (the “Offering”) $15 million of the Company’s common stock, $0.0001 par value per share (the “Common Stock”), in connection with the Company’s initial public offering of Common Stock (“IPO”), pursuant to the terms and subject to the conditions set forth in this Agreement;
WHEREAS, the closing of the Offering shall take place concurrently with the closing of the IPO (such date, the “Closing Date”) and at a price per share equal to the initial public offering price per share that the Common Stock is sold to the public in the IPO (the “IPO Price”);
WHEREAS, the shares of Common Stock (the “Shares”) are being offered to the Investor pursuant to a private placement exemption from registration under the Securities Act of 1933, as amended (the “Securities Act”); and
WHEREAS, in order to effect the IPO, the Company shall enter into an Underwriting Agreement (the “Underwriting Agreement”) with BofA Securities, Inc. and Evercore Group L.L.C. as representatives of the several underwriters named therein (acting in such capacity, collectively, the “Underwriters”);
NOW, THEREFORE, in consideration of the foregoing and the mutual promises and covenants set forth below, the parties hereto hereby agree as follows:
1. | Purchase and Sale of Stock. |
| 1.1. | Purchase and Sale. Subject to the terms and conditions set forth in this Agreement, the Company hereby agrees to sell to the Investor, and the Investor hereby agrees to purchase from the Company, $15 million of the Company’s Common Stock (the “Investment Amount”), free of restrictions on transfer and any other liens, restrictions or encumbrances, other than restrictions on transfer under applicable state and federal securities laws and the Lock-Up Agreement (defined below), at the IPO Price. The number of Shares shall equal the number of shares determined by dividing the Investment Amount by the IPO Price (rounded down to the nearest whole share). The total purchase price to be paid by the Investor for the Shares is equal to (i) the number of Shares multiplied by (ii) the IPO Price (the “Purchase Price”). |
| 1.2. | Closing. The closing of the purchase and sale of the Shares (the “Closing”) shall occur, subject to the satisfaction or waiver of each of the conditions set forth in Sections 4 and 5 of this Agreement (other than those conditions that by their nature are to be satisfied at the Closing, but subject to the fulfillment or waiver of those conditions), concurrently with the Closing. At the Closing, (i) the Company shall cause the Company’s transfer agent to deliver the Shares to the Investor registered in the name of the Investor, together with an email confirmation from the Company’s transfer agent of such registration at Closing (with written evidence of such registration to follow promptly after Closing to be dated as of the Closing Date), evidencing that the Shares have been issued and registered in the name of the Investor, and (ii) the Purchase Price for the Shares shall be delivered by or on behalf of the Investor to the Company. |