Advancit Acquisition Corp. ISecurities Subscription Agreement • February 17th, 2021 • Advancit Acquisition Corp. I • New York
This agreement (the “Agreement”) is entered into on January 28, 2021 by and between Advancit Acquisition Sponsor I LLC, a Delaware limited liability company (the “Subscriber” or “you”), and Advancit Acquisition Corp. I, a Cayman Islands exempted company (the “Company”). Pursuant to the terms hereof, the Company hereby accepts the offer the Subscriber has made to subscribe for and purchase 10,062,500 Class B ordinary shares $0.0001 par value per share (the “Shares”), up to 1,312,500 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’s and the Subscriber’s agreements regarding such Shares are as follows:
