FORM OF FORWARD PURCHASE AND SUBSCRIPTION AGREEMENTForm of Forward Purchase and Subscription Agreement • August 31st, 2020 • LF Capital Acquisition Corp. • Blank checks • Delaware
This Forward Purchase and Subscription Agreement (this “Agreement”), made as of August 31, 2020, by and among LF Capital Acquisition Corp., a Delaware corporation (the “Company”), Level Field Capital LLC, a Delaware limited liability company (the “Sponsor”), and the subscriber named on the signature page below (the “Subscriber”), is intended to set forth certain representations, covenants and agreements among the Company, the Sponsor and the Subscriber, with respect to the acquisition by the Subscriber of Class A Common Stock of the Company, par value $0.0001 per share (“Common Stock”), pursuant to Sections 1(a)(iii) and (iv) hereof, which representations, covenants and agreements are made in connection with the proposed business combination (the “Transaction”) among the Company, LF Capital Merger Sub, a Delaware corporation (“Merger Sub”), Landsea Holdings Corporation, a Delaware corporation (“LHC”), and Landsea Homes Incorporated, a Delaware corporation (“Landsea”).
