Exhibit 99.5
WRITTEN CONSENT
OF STOCKHOLDERS
OF
PAPAY TOPCO, INC.
IN LIEU OF A MEETING
[__], 2021
The undersigned, being holders (the “Stockholders”) of the outstanding shares of capital stock of Papay Topco, Inc., a Delaware corporation (the “Corporation”), having not less than the requisite number of issued and outstanding shares of the Corporation required to approve and adopt such matters in accordance with the DGCL, the DLLCA (if any), the Corporation’s Governing Documents and the Company Shareholders Agreement, hereby take the following actions and adopt the following resolutions by written consent pursuant to the By-laws of the Corporation in accordance with Section 228(a) and Section 251 of the DGCL, in each case, as of the date set forth above:
WHEREAS, the board of directors of the Corporation (the “Board”) authorized and approved, among other things, the form, terms and provisions of the Business Combination Agreement (as amended, supplemented or otherwise modified from time to time in accordance with its terms, the “BCA”), by and among the Corporation, which is the owner of Cvent, Inc., Dragoneer Growth Opportunities Corp. II, a Cayman Islands exempted company (“Dragoneer”), Redwood Opportunity Merger Sub, Inc., a Delaware corporation (“Merger Sub I”), and Redwood Merger Sub LLC, a Delaware limited liability company (“Merger Sub II”) and each agreement, document, instrument and/or certificate contemplated by the BCA to which the Corporation is or will be a party (including, but not limited to, all exhibits and annexes to the BCA and the certificates of merger as provided in the BCA (the “Merger Certificates”), and together with each such other agreement, document, instrument and/or certificate, collectively, the “Ancillary BCA Agreements”), the Corporation’s performance under the BCA and each other Ancillary BCA Agreement and the transactions contemplated by the BCA and each other Ancillary BCA Agreement (including the Mergers (as defined below)); and
WHEREAS, upon the terms and subject to the conditions set forth in the BCA and in accordance with the DGCL, on the closing date, following the Domestication, (A) Merger Sub I will merge with and into Papay, with Papay as the surviving company in the merger (the “Surviving Company”) and, after giving effect to such merger, continuing as a wholly owned subsidiary of Dragoneer (the “First Merger”), and (B) immediately following the First Merger and as part of the same overall transaction as the First Merger, the Surviving Company will merge with and into Merger Sub II, with Merger Sub II being the surviving entity of such merger (the “Second Merger” and, together with the First Merger, the “Mergers”); and
WHEREAS, the Corporation and the other parties thereto entered into the BCA on July 23, 2021; and
WHEREAS, all capitalized terms used in these resolutions and not otherwise defined herein shall have the meanings ascribed to such terms in the BCA; and