Class Acquisition Corporation San Diego, CA 92123Securities Subscription Agreement • December 30th, 2020 • Class Acceleration Corp. • Blank checks • New York
This agreement (the “Agreement”) is entered into on the date hereof by and between Class Acquisition Sponsor LLC, a Delaware limited liability company (the “Subscriber” or “you”), and Class Acquisition Corporation, 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 6,468,750 shares of Class B common stock, $0.0001 par value per share (the “Shares”), up to 843,750 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:
