Federal Street Acquisition Corp.Securities Subscription Agreement • May 16th, 2017 • Federal Street Acquisition Corp. • Blank checks • New York
Federal Street Acquisition Corp., a Delaware corporation (the “Company”), is pleased to accept the offer FS Sponsor LLC, a Delaware limited liability company (the “Subscriber” or “you”), has made to purchase 10,062,500 shares of the Company’s Class F common stock (the “Shares”), $0.0001 par value per share (the “Class F Common Stock”), up to 1,312,500 of which are subject to complete or partial forfeiture by you if the underwriters of the Company’s initial public offering (“IPO”) do not fully exercise their over-allotment option (the “Over-allotment Option”). For the purposes of this Agreement, references to “Common Stock” are to, collectively, the Class F Common Stock and the Company’s Class A common stock, $0.0001 par value per share (the “Class A Common Stock”). Pursuant to the Company’s certificate of incorporation, as amended to the date hereof (the “Charter”), shares of Class F Common Stock will convert into shares of Class A Common Stock on a one-for-one basis, subject to adjust
