Dear [BlackRock Entity]:Right of First Refusal Agreement • April 8th, 2021 • LCP Acquisition Corp • Blank checks • New York
The parties hereto hereby enter into this letter agreement, dated and effective as of the date hereof (this “Agreement”), by and among E. Robert Roskind, Francis Lively and Peter Sullivan (each, a “Principal”, and together, collectively, the “Principals”), and [BlackRock Entity] (“BlackRock”). For good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, BlackRock and the Principals hereby agree as follows: the Principals hereby grant to BlackRock the option, but not the obligation, to purchase up to [30]% of any PIPE Transaction (as defined below) for LCP Acquisition Corp., a corporation organized as a Cayman Islands exempted company (the “SPAC”), on the terms and conditions set forth herein (such right of BlackRock referred to herein as the “ROFR”). For purposes of this Agreement, “PIPE Transaction” refers to the private offering of the SPAC to institutional investors pursuant to the terms of subscription agreements to be entered into among the sub
