Mallard Acquisition Corp. 19701 Bethel Church Road, Suite 302 Cornelius, NC 28031Securities Subscription Agreement • March 18th, 2020 • Mallard Acquisition Corp. • Blank checks • New York
Contract Type FiledMarch 18th, 2020 Company Industry JurisdictionThis agreement (the “Agreement”) is entered into on February 26, 2020 by and between Mallard Founders Holdings LLC, a Delaware limited liability company (the “Subscriber” or “you”), and Mallard 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 2,875,000 shares of Class B common stock, $0.0001 par value per share (the “Shares”), up to 375,000 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: