Motor City Acquisition Corp. 44225 Utica Road Utica, MI 48317Motor City Acquisition Corp. • March 3rd, 2021 • New York
This agreement (this “Agreement”) is entered into on February 12, 2021, by and between WSMC Holdings LLC, a Delaware limited liability company (the “Subscriber” or “you”), and Motor City Acquisition Corp, a Delaware Corporation (the “Company”). Pursuant to the terms hereof, the Company hereby accepts the offer the Subscriber has made to purchase 7,187,500 shares of Class B Common Stock, $0.0001 par value per share (the “Shares”), up to 937,500 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:
