Southport Acquisition Corporation Del Mar, California 92014Securities Subscription Agreement • June 16th, 2021 • Southport Acquisition Corp • Blank checks • New York
We are pleased to accept the offer Southport Acquisition Sponsor LLC (the “Subscriber” or “you”) has made to purchase 7,187,500 shares of Class B common stock (the “Shares”), $0.0001 par value per share (the “Class B Common Stock” and, together with all other classes of common stock of the Company (as defined below), the “Common Stock”), up to 937,500 Shares of which are subject to complete or partial forfeiture by you if the underwriters of the initial public offering (“IPO”) of Southcorp Acquisition Corporation, a Delaware corporation (the “Company”), do not exercise their over-allotment option (the “Over-allotment Option”) in the IPO in full. The terms on which the Company is willing to sell the Shares to the Subscriber, and the Company and the Subscriber’s agreements regarding the Shares, are as follows:
