10,000,000 Units ACKRELL SPAC PARTNERS I CO. UNDERWRITING AGREEMENTUnderwriting Agreement • December 10th, 2020 • ACKRELL SPAC Partners I Co. • Blank checks • New York
Ackrell SPAC Partners I Co., a Delaware corporation (the “Company”), hereby confirms its agreement with EarlyBirdCapital, Inc. (the “Representative”) and with the other underwriters named on Schedule A hereto (if any), for which the Representative is acting as representative (the Representative and such other underwriters being collectively referred to herein as the “Underwriters” or, each underwriter individually, an “Underwriter”) and with I-Bankers Securities, Inc. acting as the qualified independent underwriter (the “QIU”), as follows:
REGISTRATION RIGHTS AGREEMENTRegistration Rights Agreement • December 10th, 2020 • ACKRELL SPAC Partners I Co. • Blank checks • New York
THIS REGISTRATION RIGHTS AGREEMENT (this “Agreement”) is entered into as of the ___ day of _________, 2020, by and among Ackrell SPAC Partners I Co., a Delaware corporation (the “Company”), and the undersigned parties listed under Investors on the signature page hereto (each, an “Investor” and collectively, the “Investors”).
INVESTMENT MANAGEMENT TRUST AGREEMENTInvestment Management Trust Agreement • December 10th, 2020 • ACKRELL SPAC Partners I Co. • Blank checks • New York
This Agreement is made as of _______, 2020 by and between Ackrell SPAC Partners I Co. (the “Company”) and Continental Stock Transfer & Trust Company (“Trustee”).
EARLYBIRDCAPITAL, INC. New York, New York 10017ACKRELL SPAC Partners I Co. • December 10th, 2020 • Blank checks • New York
This is to confirm our agreement (this “Agreement”) whereby Ackrell SPAC Partners I Co., a Delaware corporation (“Company”), has requested EarlyBirdCapital, Inc. (the “Advisor”) to assist it in connection with the Company merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or similar business combination (in each case, a “Business Combination”) with one or more businesses or entities (each a “Target”) as described in the Company’s Registration Statement on Form S-1 (File No. 333-251060) filed with the Securities and Exchange Commission (“Registration Statement”) in connection with its initial public offering (“IPO”).
WARRANT AGREEMENTWarrant Agreement • December 10th, 2020 • ACKRELL SPAC Partners I Co. • Blank checks • New York
This agreement is made as of _____, 2020 between Ackrell SPAC Partners I Co., a Delaware corporation, with offices at 251 Little Falls Drive, Wilmington, Delaware 19808 (“Company”), and Continental Stock Transfer & Trust Company, a New York corporation, with offices at 1 State Street, New York, New York 10004 (“Warrant Agent”).
STOCK ESCROW AGREEMENTStock Escrow Agreement • December 10th, 2020 • ACKRELL SPAC Partners I Co. • Blank checks • New York
STOCK ESCROW AGREEMENT, dated as of [_____], 2020 (“Agreement”), by and among ACKRELL SPAC PARTNERS I CO., a Delaware corporation (“Company”), the stockholders of the Company listed on Exhibit A hereto (the “Founders”) and CONTINENTAL STOCK TRANSFER & TRUST COMPANY, a New York limited purpose trust company (“Escrow Agent”).
Ackrell SPAC Partners I Co. Claymont, DE 19703 EarlyBirdCapital, Inc. New York, NY 10017ACKRELL SPAC Partners I Co. • December 10th, 2020 • Blank checks • New York
This letter is being delivered to you in accordance with the Underwriting Agreement (the “Underwriting Agreement”) entered into by and between Ackrell SPAC Partners I Co., a Delaware corporation (the “Company”), and EarlyBirdCapital, Inc. as representative (the “Representative”) of the several Underwriters named in Schedule I thereto (the “Underwriters”), relating to an underwritten initial public offering (the “IPO”) of the Company’s units (the “Units”), each comprised of one subunit (the “Subunits”) and one-half of a warrant. Each Subunit consists of one share of the Company’s common stock, par value $0.0001 per share (the “Common Stock”)and one-half of a warrant, each whole warrant exercisable for one share of Common Stock (each, a “Warrant”). Certain capitalized terms used herein are defined in paragraph 13 hereof.
Ackrell SPAC Partners I Co.ACKRELL SPAC Partners I Co. • December 10th, 2020 • Blank checks
This letter will confirm our agreement that, commencing on the effective date (the “Effective Date”) of the registration statement (the “Registration Statement”) for the initial public offering (the “IPO”) of Ackrell SPAC Partners I Co.’s (the “Company”) securities and continuing until the earlier of (i) the consummation by the Company of an initial business combination or (ii) the Company’s liquidation (in each case as described in the Registration Statement) (such earlier date hereinafter referred to as the “Termination Date”), ACVT I, LLC shall make available to the Company certain office space, utilities and secretarial support as may be required by the Company from time to time, situated at 2093 Philadelphia Pike #1968, Claymont, DE 19703 (or any successor location). In exchange therefore, the Company shall pay ACVT I, LLC the sum of $10,000 per month on the Effective Date and continuing monthly thereafter until the Termination Date. ACVT I, LLC hereby agrees that it does not have
