Crescent Funding Inc. 11100 Santa Monica Boulevard, Suite 2000 Los Angeles, CA 90025Letter Agreement • November 9th, 2018 • Crescent Acquisition Corp • Blank checks • Delaware
This letter agreement (this “Agreement”) supersedes all prior agreements relating to the subject matter hereof and confirms our agreement that CFI Sponsor LLC (the “Subscriber” or “you”) has agreed to purchase 8,625,000 shares of Class F common stock (“Shares”), $0.0001 par value per share (the “Class F Common Stock”), up to 1,125,000 of which are subject to complete or partial forfeiture by you if the underwriters of the initial public offering (“IPO”) of units (“Units”) of Crescent Funding Inc., a Delaware corporation (the “Company”), 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 automatically convert into
