SECURITIES SUBSCRIPTION AGREEMENT Ocean Drive Acquisition Corp.Securities Subscription Agreement • March 11th, 2021 • Ocean Drive Acquisition Corp. • New York
Contract Type FiledMarch 11th, 2021 Company JurisdictionThis AGREEMENT (the “Agreement”) is entered into as of February 25, 2021, by and between Ocean Drive Acquisition Sponsor LLC, a Delaware limited liability company (the “Subscriber” or “you”), and Ocean Drive Acquisition Corp., a Delaware corporation (the “Company”, “we” or “us”). Pursuant to the terms hereof, the Company hereby accepts the offer the Subscriber has made to purchase 7,187,500 shares of Class B common stock (the “Shares”), $0.0001 par value per share (the “Class B Common Stock” together with all other classes of Company (as defined below) common stock, the “Common Stock”), up to 937,500 of which Shares are subject to complete or partial forfeiture by the Subscriber to the extent the underwriters of the initial public offering (“IPO”) of the Company’s units (“Units”), do not fully exercise their option to purchase additional Units to cover over allotments (the “Over-allotment Option”). The Company and the Subscriber’s agreements regarding such Shares are as follows: