Progress Acquisition Corp. Boston, MA 02109Securities Subscription Agreement • January 13th, 2021 • Progress Acquisition Corp. • Blank checks • New York
This agreement (the “Agreement”) is entered into on September 13, 2020 by and between Progress Capital I, LLC, a Delaware limited liability company (the “Subscriber” or “you”), and Progress 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 3,593,750 shares of Class B common stock, $0.0001 par value per share (the “Shares”), up to 468,750 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:
