New Beginnings Acquisition Corp.New Beginnings Acquisition Corp. • September 21st, 2020 • Delaware
We are pleased to accept the offer New Beginnings Sponsor, LLC (the “Subscriber” or “you”) has made to purchase 2,156,250 shares (“Founder Shares”) of common stock, $0.0001 par value per share (the “Common Stock”), of New Beginnings Acquisition Corp., a Delaware corporation (the “Company”), up to 281,250 of which are subject to forfeiture by you if the underwriters of the proposed initial public offering (“IPO”) of the Company pursuant to the registration statement on Form S-1 expected to be filed by the Company in connection with the IPO (the “Registration Statement”) do not fully exercise their over-allotment option (the “Over-allotment Option”) as described below. The terms (this “Agreement”) on which the Company is willing to sell the Founder Shares to the Subscriber, and the Company and the Subscriber’s agreements regarding such Founder Shares, are as follows:
