INVESTMENT AGREEMENT between HC2 HOLDINGS, INC. as the Company and LANCER CAPITAL LLC as the Purchaser Dated as of September 9, 2020Investment Agreement • September 9th, 2020 • Hc2 Holdings, Inc. • Fabricated structural metal products • New York
HC2 Holdings, Inc., a Delaware corporation (the “Company”), is raising additional equity capital through the Rights Offering (this and certain other terms used herein are defined in Section 12 of this agreement (this “Agreement”)) pursuant to which the Company would distribute to its common stockholders, and holders of its outstanding preferred stock that are entitled to participate in dividend distributions to its common stockholders, transferable rights to purchase up to $65,000,000 of its Common Stock on a pro rata basis (“Rights Offering Amount”) and has had discussions with Lancer Capital LLC, a Delaware limited liability company (the “Purchaser”), regarding the Purchaser’s willingness to effectively “back-stop” a portion of the Rights Offering by purchasing the Preferred Shares pursuant to the terms of, and subject to the conditions contained in, this Agreement up to $35,000,000 (the “Equity Commitment Amount”). In addition, the Company has requested the Purchaser to supply a por
