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D-Wave Quantum Inc. – ‘8-K’ for 9/26/22 – ‘EX-10.1’

On:  Monday, 9/26/22, at 7:39pm ET   ·   As of:  9/27/22   ·   For:  9/26/22   ·   Accession #:  1193125-22-251471   ·   File #:  1-41468

Previous ‘8-K’:  ‘8-K/A’ on 8/29/22 for 8/5/22   ·   Next:  ‘8-K’ on 11/2/22 for 10/27/22   ·   Latest:  ‘8-K’ on / for 5/13/24   ·   19 References:   

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 9/27/22  D-Wave Quantum Inc.               8-K:1,7,9   9/26/22   12:211K                                   Donnelley … Solutions/FA

Current Report   —   Form 8-K

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Current Report                                      HTML     32K 
 2: EX-10.1     Material Contract                                   HTML     18K 
 7: R1          Document and Entity Information                     HTML     54K 
10: XML         IDEA XML File -- Filing Summary                      XML     12K 
 8: XML         XBRL Instance -- d310367d8k_htm                      XML     19K 
 9: EXCEL       IDEA Workbook of Financial Reports                  XLSX      8K 
 4: EX-101.DEF  XBRL Definitions -- qbts-20220926_def                XML     42K 
 5: EX-101.LAB  XBRL Labels -- qbts-20220926_lab                     XML     70K 
 6: EX-101.PRE  XBRL Presentations -- qbts-20220926_pre              XML     44K 
 3: EX-101.SCH  XBRL Schema -- qbts-20220926                         XSD     16K 
11: JSON        XBRL Instance as JSON Data -- MetaLinks               14±    23K 
12: ZIP         XBRL Zipped Folder -- 0001193125-22-251471-xbrl      Zip     21K 


‘EX-10.1’   —   Material Contract


This Exhibit is an HTML Document rendered as filed.  [ Alternative Formats ]



  EX-10.1  

Exhibit 10.1

AMENDED AND RESTATED SIDE LETTER AGREEMENT

THIS AMENDED AND RESTATED SIDE LETTER AGREEMENT (this “Agreement”) made as of September 26, 2022

AMONG:

D-WAVE QUANTUM INC., a corporation organized under the laws of Delaware (“D-Wave Quantum”)

AND:

PUBLIC SECTOR PENSION INVESTMENT BOARD, a Crown corporation organized under the laws of Canada (“PSP”)

amends and restates, in its entirety, and replaces, the Side Letter Agreement entered into by the parties hereto as of August 5, 2022.

WHEREAS:

 

  A.

Reference is hereby made to that certain Transaction Agreement dated as of February 7, 2022 (as the same may be amended or supplemented from time to time in accordance with its terms, the “Transaction Agreement”) entered into by and among DPCM Capital, Inc., a Delaware corporation, D-Wave Quantum, DWSI Holdings Inc., a Delaware corporation and a direct, wholly-owned subsidiary of D-Wave Quantum, DWSI Canada Holdings ULC, a British Columbia unlimited liability company and a direct, wholly-owned subsidiary of D-Wave Quantum (“CallCo”), D-Wave Quantum Technologies Inc., a British Columbia corporation and a direct, wholly-owned subsidiary of CallCo (“ExchangeCo”), and D-Wave Systems Inc., a British Columbia company (the transactions contemplated pursuant to the Transaction Agreement collectively, the “Business Combination”).

 

  B.

Following the closing of the Business Combination, PSP owns certain shares of common stock of D-Wave Quantum (“D-Wave Quantum Stock”) and certain exchangeable shares of ExchangeCo (“Exchangeable Shares” and together with the D-Wave Quantum Stock, collectively the “Shares”).

 

  C.

It is the desire of D-Wave Quantum and PSP to limit the ability of PSP (i) to vote, whether directly or indirectly, including by way of voting trust, a majority of the voting interests eligible to vote at any meeting of the stockholders of D-Wave Quantum and (ii) to otherwise determine the composition of the board of directors (the “Board”) of D-Wave Quantum.

NOW THEREFORE THIS AGREEMENT WITNESSES that, in consideration of proceeds received by PSP as part of the Business Combination and for other good and valuable consideration (the receipt and sufficiency of which are hereby acknowledged), the parties hereto covenant and agree as follows:

 

  1.

For so long as PSP beneficially owns, directly or indirectly, Shares representing 50% or more of the rights to vote at a meeting of the stockholders of D-Wave Quantum, whether directly or indirectly, including through any voting trust:

 

  a.

PSP shall not exercise the voting rights attached to any of such Shares that would result in PSP voting, whether directly or indirectly, including through any voting trust, more than 49.99% of the voting interests eligible to vote at any meeting of the stockholders of D-Wave Quantum; and

 

  b.

PSP shall vote its Shares in favor of the election of the directors that are nominated by the Board or a duly authorized committee thereof.


  2.

This Agreement shall be governed by and construed in accordance with the laws of the State of Delaware, without giving effect to any choice of law or conflict of law provision or rule (whether of the State of Delaware or any other jurisdiction) that would cause the application of the law of any jurisdiction other than the State of Delaware.

 

  3.

Each party hereto agrees and consents to the exclusive jurisdiction of the Delaware Court of Chancery, or if such court declines jurisdiction, the exclusive jurisdiction of any other state or federal court located in Wilmington, Delaware, and, in each case, any appropriate appellate courts therefrom, with respect to any action, litigation, claim, demand, dispute, complaint, suit, proceeding, arbitration or mediation relating to this Agreement. Each party hereto agrees and waives all objections based on lack of venue and forum non conveniens, and irrevocably consents to the personal jurisdiction of all such courts. EACH PARTY HERETO HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES, TO THE FULLEST EXTENT SUCH PARTY MAY LEGALLY AND EFFECTIVELY DO SO, TRIAL BY JURY IN ANY ACTION ARISING HEREUNDER.

 

  4.

This Agreement may be executed in one or more counterparts, each of which will be deemed to be an original and all of which taken together will be deemed to constitute one and the same instrument.

[Remainder of Page Intentionally Left Blank]


IN WITNESS WHEREOF the parties hereto have executed this Agreement on the date first above written.

 

D-WAVE QUANTUM INC.
By:  

/s/ Alan Baratz

Name:   Alan Baratz
Title:   President & Chief Executive Officer
Address for legal notices:

c/o D-Wave Quantum Inc.

3033 Beta Avenue

Burnaby, British Columbia V5G 4M9
Attention: General Counsel
Fax: 604-630-1434
Email: legal@dwavesys.com


PUBLIC SECTOR PENSION INVESTMENT BOARD
By:  

/s/ Adam Smalley

Name:   Adam Smalley
Title:   Authorized Signatory
By:  

/s/ Jonathan Ostrzega

Name:   Jonathan Ostrzega
Title:   Authorized Signatory
Address for legal notices:

Public Sector Pension Investment Board

1250 René Lévesque Boulevard West

Suite 1400
Montréal, H3B 5E9
Attention: Legal Notices
Email: Legalnotices@investpsp.ca

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘8-K’ Filing    Date    Other Filings
Filed as of:9/27/22424B3,  S-1/A
Filed on / For Period end:9/26/22424B3,  S-1/A
8/5/223,  8-A12B,  8-K,  8-K/A,  CERT
2/7/22
 List all Filings 


19 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 3/29/24  D-Wave Quantum Inc.               10-K       12/31/23  106:11M
 3/18/24  D-Wave Quantum Inc.               10-K/A     12/31/22  102:15M
 3/18/24  D-Wave Quantum Inc.               10-Q/A      3/31/23   72:6M
 7/10/23  D-Wave Quantum Inc.               S-1/A                142:25M                                    Broadridge Fin’l So… Inc
 6/27/23  D-Wave Quantum Inc.               S-1/A                142:25M                                    Broadridge Fin’l So… Inc
 6/02/23  D-Wave Quantum Inc.               S-1/A       6/01/23  143:24M                                    Broadridge Fin’l So… Inc
 5/19/23  D-Wave Quantum Inc.               10-Q        3/31/23   66:5.8M
 5/19/23  D-Wave Quantum Inc.               424B3                  1:699K                                   Broadridge Fin’l So… Inc
 5/19/23  D-Wave Quantum Inc.               424B3                  1:700K                                   Broadridge Fin’l So… Inc
 4/19/23  D-Wave Quantum Inc.               424B3                  1:3.2M                                   Broadridge Fin’l So… Inc
 4/19/23  D-Wave Quantum Inc.               424B3                  1:3.2M                                   Broadridge Fin’l So… Inc
 4/19/23  D-Wave Quantum Inc.               424B3                  1:1.5M                                   Broadridge Fin’l So… Inc
 4/19/23  D-Wave Quantum Inc.               424B3                  1:1.4M                                   Broadridge Fin’l So… Inc
 4/18/23  D-Wave Quantum Inc.               10-K       12/31/22  106:15M
 4/18/23  D-Wave Quantum Inc.               10-Q/A      9/30/22   80:9.8M                                   Broadridge Fin’l So… Inc
 2/13/23  D-Wave Quantum Inc.               S-1                  105:17M                                    Donnelley … Solutions/FA
11/14/22  D-Wave Quantum Inc.               424B3      11/10/22    1:772K                                   Donnelley … Solutions/FA
11/14/22  D-Wave Quantum Inc.               424B3      11/10/22    1:773K                                   Donnelley … Solutions/FA
11/10/22  D-Wave Quantum Inc.               10-Q        9/30/22   73:7.6M
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