Draper Oakwood Technology Acquisition, Inc. San Mateo, CA 94401Securities Subscription Agreement • June 27th, 2017 • Draper Oakwood Technology Acquisition Inc. • Blank checks • New York
We are pleased to accept the offer Draper Oakwood Investments LLC (the “Subscriber” or “you”) has made to purchase 1,437,500 shares of Class F common stock (the “Shares”), $.0001 par value per share (the “Class F Common Stock” together with all other classes of Company (as defined below) common stock, the “Common Stock”), up to 187,500 Shares of which are subject to complete or partial forfeiture by you if the underwriters of the initial public offering (“IPO”) of Draper Oakwood Technology Acquisition, Inc., a Delaware corporation (the “Company”), do not fully exercise their over-allotment option (the “Over-allotment Option”). The terms (this “Agreement”) on which the Company is willing to sell the Shares to the Subscriber, and the Company and the Subscriber’s agreements regarding such Shares, are as follows:
