Re: Sponsor AgreementSponsor Agreement • July 20th, 2021 • Velocity Acquisition Corp. • Blank checks • Delaware
This letter (this “Sponsor Agreement”) is being delivered to you in connection with that certain Business Combination Agreement dated as of the date hereof, by and among Velocity Acquisition Corp., a Delaware corporation (“Velocity”), BBQ Holding, LLC (the “Company”) and the other parties thereto (the “Business Combination Agreement”) and hereby amends and restates in its entirety that certain letter, dated February 22, 2021 from Velocity Sponsor, LLC (the “Sponsor”) and each of the undersigned individuals, each of whom is a member of Velocity’s board of directors and/or management team (each, an “Insider” and collectively, the “Insiders”) to Velocity (the “Prior Letter Agreement”). Certain capitalized terms used herein are defined in paragraph 1 hereof. Capitalized terms used but not otherwise defined herein shall have the respective meanings ascribed to such terms in the Business Combination Agreement.
