Atlantic Coastal Acquisition Corp. San Francisco, CA 94118Securities Subscription Agreement • January 8th, 2021 • Atlantic Coastal Acquisition Corp. • Blank checks • New York
This agreement (the “Agreement”) is entered into on December 11, 2020 by and between Atlantic Coastal Acquisition Management LLC, a Delaware limited liability company (the “Subscriber” or “you”), and Atlantic Coastal Acquisition Corp., a Delaware corporation (the “Company,” “we” or “us”). Pursuant to the terms hereof, the Company hereby accepts the offer the Subscriber has made to purchase 8,616,375 shares of Class B common stock, $0.0001 par value per share (together with the 8,625 shares of Class B common stock, $0.0001 par value per share previously acquired by Subscriber, the “Shares”), up to 1,125,000 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:
