Red Cell DRM Acquisition Corp. Beverly Hills, CA 90210Securities Subscription Agreement • March 18th, 2021 • Red Cell DRM Acquisition Corp. • New York
This agreement (this “Agreement”) is entered into on March 5, 2021 by and between Red Cell DRM Sponsor, LLC, a Delaware limited liability company (the “Subscriber” or “you”), and Red Cell DRM Acquisition Corp., a Delaware corporation (the “Company”). 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, $0.0001 par value per share (the “Shares”), up to 937,500 of which are subject to forfeiture by you if the underwriters of the initial public offering (“IPO”) of units (“Units”) of the Company do not fully exercise their over-allotment option (the “Over-allotment Option”). The Company and the Subscriber’s agreements regarding such Shares are as follows:
