RE: Subscription Agreement for Founder Shares Ladies and Gentlemen:5:01 Acquisition Corp. • September 25th, 2020 • Blank checks • Delaware
We are pleased to accept the offer 5:01 Acquisition LLC (the “Subscriber” or “you”) has made to purchase 2,300,000 shares (“Founder Shares”) of the common stock, $.0001 par value per share (“Common Stock”), of 5:01 Acquisition Corp., a Delaware corporation (the “Company”), up to 300,000 of which are subject to forfeiture by you if the underwriters of the proposed initial public offering (“IPO”) of the Company pursuant to the registration statement on Form S-1 expected to be filed by the Company in connection with the IPO (the “Registration Statement”) do not fully exercise their over-allotment option (the “Over-allotment Option”) as described below. The terms (this “Agreement”) on which the Company is willing to sell the Founder Shares to the Subscriber, and the Company and the Subscriber’s agreements regarding such Founder Shares, are as follows:
ContractIndemnity Agreement • September 25th, 2020 • 5:01 Acquisition Corp. • Blank checks • Delaware
This Indemnity Agreement (the “Agreement”) is made and entered into as of ______________, between 5:01 Acquisition Corp., a Delaware corporation (the “Company”), and ___________ (“Indemnitee”).
