Document:

Exhibit 10.5

 

PRIVATE PLACEMENT CLASS A COMMON STOCK
PURCHASE AGREEMENT

 

THIS PRIVATE PLACEMENT
CLASS A COMMON STOCK PURCHASE AGREEMENT, dated as of [•], 2020 (as it may from time to time be amended and including all exhibits
referenced herein, this “Agreement”), is entered into by and among 5:01 Acquisition Corp., a Delaware corporation
(the “Company”), and 5:01 Acquisition LLC, a Delaware limited liability company (the “Purchaser”).

 

WHEREAS, the Company
intends to consummate an initial public offering (the “Public Offering”) of up to 9,200,000 shares of the Company’s
Class A Common Stock, par value $0.0001 per share.

 

WHEREAS, in connection
with the Public Offering, the Company intends to sell to the Purchaser, and the Purchaser intends to purchase, up to 384,000 shares
of the Company’s Class A Common Stock, par value $0.0001 per share (each, a “Private Placement Share”).

 

WHEREAS, the number
of Private Placement Shares to be purchased by the Purchaser is correlated to the amount of underwriting discounts or commissions
payable by the Company to the underwriter upon completion of the Public Offering.

 

NOW THEREFORE, in consideration
of the mutual promises contained in this Agreement and other good and valuable consideration, the receipt and sufficiency of which
are hereby acknowledged, the parties to this Agreement hereby, intending legally to be bound, agree as follows:

 

AGREEMENT

 

1.                  
Authorization, Purchase and Sale; Terms of the Private Placement Shares.

 

a.                 
Authorization of the Private Placement Shares. The Company has duly authorized the issuance and sale of the Private
Placement Shares to the Purchaser.

 

b.                 
Purchase and Sale of the Private Placement Shares. On the date of the consummation of the Public Offering or
on such earlier time and date as may be mutually agreed by the Purchaser and the Company (the “Initial Closing Date”),
the Company shall issue and sell to the Purchaser, and the Purchaser shall purchase from the Company, an aggregate of 360,000 Private
Placement Shares at a price of $10.00 per share for an aggregate purchase price of $3,600,000 (the “Purchase Price”),
which shall be paid by wire transfer of immediately available funds to in the following amounts: (i) $2,000,000 to the Company
at a financial institution to be chosen by the Company, and (ii) $1,600,000 to the trust account (the “Trust Account”)
maintained by Continental Stock Transfer & Trust Company, acting as trustee, in each case in accordance with the Company’s
wiring instructions at least one business day prior to the closing date of the Public Offering. On the Initial Closing Date, the
Company, shall either, at its option, deliver certificates evidencing the Private Placement Shares purchased by the Purchaser on
such date duly registered in the Purchaser’s name to the Purchaser, or effect such delivery in book-entry form. On the date
of the consummation of the closing of the over-allotment option in connection with the Public Offering or on such earlier time
and date as may be mutually agreed by the Purchaser and the Company (each such date, an “Over-allotment Closing Date,”
and each Over-allotment Closing Date (if any) and the Initial Closing Date being sometimes referred to herein as a “Closing
Date”), the Company shall issue and sell to the Purchaser, and the Purchaser shall purchase from the Company, up to an
aggregate of 24,000 Private Placement Shares, in the same proportion as the amount of the over-allotment option that is exercised,
at a price of $10.00 per share for an aggregate purchase price of up to $240,000 (if the over-allotment option in connection with
the Public Offering is exercised in full) (the “Over-allotment Purchase Price”), which shall be paid by wire
transfer of immediately available funds to the Trust Account in accordance with the Company’s
wiring instructions, at least one (1) business day prior to any Over-allotment Closing Date. On the Over-allotment Closing Date,
upon the payment by the Purchaser of the Over-allotment Purchase Price payable by them by wire transfer of immediately available
funds to the Company, the Company shall either, at its option, deliver certificates evidencing the Private Placement Shares purchased
by the Purchaser on such date duly registered in the Purchaser’s name to the Purchaser, or effect such delivery in book-entry
form.

 

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c.                  
Terms of the Private Placement Shares.

 

i.                       
The Private Placement Shares shall be subject to a letter agreement, dated as of the date hereof, by and among the Purchaser,
the Company and certain of the Company’s directors and officers party thereto (a “Letter Agreement”).

 

ii.                       
At or prior to the time of the Initial Closing Date, the Company and the Purchaser shall enter into a registration and
stockholder rights agreement (the “Registration Rights Agreement”) pursuant to which the Company will grant
certain registration rights to the Purchaser relating to the Private Placement Shares.

 

2.                  
Representations and Warranties of the Company. As a material inducement to the Purchaser to enter into this Agreement
and purchase the Private Placement Shares, the Company hereby represents and warrants to the Purchaser (which representations and
warranties shall survive each Closing Date) that:

 

a.                  
Organization and Corporate Power. The Company is a corporation duly organized, validly existing and in good standing
under the laws of the State of Delaware and is qualified to do business in every jurisdiction in which the failure to so qualify
would reasonably be expected to have a material adverse effect on the financial condition, operating results or assets of the Company.
The Company possesses all requisite corporate power and authority necessary to carry out the transactions contemplated by this
Agreement and the Letter Agreement.

 

b.                 
Authorization; No Breach.

 

i.                    
The execution, delivery and performance of this Agreement and the Private Placement Shares have been duly authorized
and approved by the Company as of each Closing Date. This Agreement constitutes a valid and binding obligation of the Company,
enforceable in accordance with its terms, subject to bankruptcy, insolvency, fraudulent conveyance,
reorganization, moratorium and other laws of general applicability relating to or affecting creditors’ rights and to general
equitable principles (whether considered in a proceeding in equity or law). 

 

ii.                    
The execution and delivery by the Company of this Agreement and the Private Placement Shares, the issuance and sale
of the Private Placement Shares and the fulfillment of, and compliance with, the respective terms hereof and thereof by the Company,
do not and will not as of each Closing Date (a) conflict with or result in a breach of the terms, conditions or provisions of,
(b) constitute a default under, (c) result in the creation of any lien, security interest, charge or encumbrance upon the Company’s
capital stock or assets under, (d) result in a violation of, or (e) require any authorization, consent, approval, exemption, action,
notice, declaration or filing, in each case, by or to any court or administrative or governmental body or agency pursuant to the
certificate of incorporation or the bylaws of the Company (in effect on the date hereof or as may be amended prior to completion
of the contemplated Public Offering), or any material law, statute, rule or regulation to which the Company is subject, or any
agreement, order, judgment or decree to which the Company is subject, except for any filings required after the date hereof under
federal or state securities laws.

 

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c.                  
Title to Private Placement Shares. Upon issuance in accordance with, and payment pursuant to, the terms hereof
the Private Placement Shares will be duly and validly issued, fully paid and nonassessable. Upon issuance in accordance with, and
payment pursuant to, the terms hereof, each Purchaser will have good title to the Private Placement Shares purchased by it, free
and clear of all liens, claims and encumbrances of any kind, other than (i) transfer restrictions hereunder and under the other
agreements contemplated hereby, including without limitation the Letter Agreement, (ii) transfer restrictions under federal and
state securities laws, and (iii) liens, claims or encumbrances imposed due to the actions of either Purchaser.

 

d.                 
Governmental Consents. No permit, consent, approval or authorization of, or declaration to or filing with, any
governmental authority is required in connection with the execution, delivery and performance by the Company of this Agreement
or the consummation by the Company of any other transactions contemplated hereby.

 

e.                  
Regulation D Qualification. Neither the Company nor, to its actual knowledge,
any of its affiliates, members, officers, directors or beneficial shareholders of 20% or more of its outstanding securities, has
experienced a disqualifying event as enumerated pursuant to Rule 506(d) of Regulation D under the Securities Act of 1933,
as amended (the “Securities Act”).

 

3.                  
Representations and Warranties of the Purchaser. As a material inducement to the Company to enter into this Agreement
and issue and sell the Private Placement Shares to the Purchaser, the Purchaser hereby, severally and not jointly, represents and
warrants to the Company (which representations and warranties shall survive each Closing Date) that:

 

a.                  
Organization and Requisite Authority. The Purchaser possesses all requisite power and authority necessary to
carry out the transactions contemplated by this Agreement.

 

b.                 
Authorization; No Breach.

 

i.                       
This Agreement constitutes a valid and binding obligation of the Purchaser, enforceable in accordance with its terms,
subject to bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and other laws of general applicability relating
to or affecting creditors’ rights and to general equitable principles (whether considered in a proceeding in equity or law).

 

ii.                       
The execution and delivery by the Purchaser of this Agreement and the fulfillment of and compliance with the terms hereof
by the Purchaser does not and shall not as of each Closing Date (a) conflict with or result in a breach by the Purchaser of the
terms, conditions or provisions of, (b) constitute a default under, (c) result in the creation
of any lien, security interest, charge or encumbrance upon the Purchaser’s equity or assets under, (d) result in a violation
of, or (e) require authorization, consent, approval, exemption or other action by or notice or declaration to, or filing with,
any court or administrative or governmental body or agency pursuant to the Purchaser’s organizational documents in effect
on the date hereof or as may be amended prior to completion of the contemplated Public Offering, or any material law, statute,
rule or regulation to which the Purchaser is subject, or any agreement, instrument, order, judgment or decree to which the
Purchaser is subject, except for any filings required after the date hereof under federal
or state securities laws.

 

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c.                  
Investment Representations.

 

i.                       
The Purchaser is acquiring the Private Placement Shares for the Purchaser’s own account, for investment purposes
only and not with a view towards, or for resale in connection with, any public sale or distribution thereof.

 

ii.                      
The Purchaser is an “accredited investor” as such term is defined in Rule 501(a)(3) of Regulation D of the
Securities Act, and the Purchaser has not experienced a disqualifying event as enumerated pursuant to Rule 506(d) of Regulation
D under the Securities Act.

 

iii.                    
The Purchaser understands that the Private Placement Shares are being offered and will be sold to it in reliance on
specific exemptions from the registration requirements of the United States federal and state securities laws and that the Company
is relying upon the truth and accuracy of, and the Purchaser’s compliance with, the representations and warranties of the
Purchaser set forth herein in order to determine the availability of such exemptions and the eligibility of the Purchaser to acquire
such Private Placement Shares.

 

iv.                       The
Purchaser did not decide to enter into this Agreement as a result of any general solicitation or general advertising within the
meaning of Rule 502(c) under the Securities Act.

 

v.                       
The Purchaser has been furnished with all materials relating to the business, finances and operations of the Company
and materials relating to the offer and sale of the Private Placement Shares which have been requested by the Purchaser. The Purchaser
has been afforded the opportunity to ask questions of the executive officers and directors of the Company. The Purchaser understands
that its investment in the Private Placement Shares involves a high degree of risk and it has sought such accounting, legal and
tax advice as it has considered necessary to make an informed investment decision with respect to the acquisition of the Private
Placement Shares.

 

vi.                      
The Purchaser understands that no United States federal or state agency or any other government or governmental agency
has passed on or made any recommendation or endorsement of the Private Placement Shares or the fairness or suitability of the investment
in the Private Placement Shares by the Purchaser nor have such authorities passed upon or endorsed the merits of the offering of
the Private Placement Shares.

 

vii.                     
The Purchaser understands that: (a) the Private Placement Shares have not been and are not being registered under the
Securities Act or any state securities laws, and may not be offered for sale, sold, assigned or transferred unless (1) subsequently
registered thereunder or (2) sold in reliance on an exemption therefrom; and (b) except as specifically set forth in the Registration
Rights Agreement, neither the Company nor any other person is under any obligation to register the Private Placement Shares under
the Securities Act or any state securities laws or to comply with the terms and conditions of any exemption thereunder. While the
Purchaser understands that Rule 144, as promulgated under the Securities Act (“Rule 144”), is not available
for the resale of securities initially issued by shell companies (other than business combination related shell companies) or issuers
that have been at any time previously a shell company, the Purchaser understands that Rule 144 includes an exception to this prohibition
if the following conditions are met: (i) the issuer of the securities that was formerly a shell company has ceased to be a shell
company; (ii) the issuer of the securities is subject to the reporting requirements of Section 13 or 15(d) of the Securities Exchange
Act of 1934, as amended (the “Exchange Act”); (iii) the issuer of the securities has filed all Exchange Act
reports and material required to be filed, as applicable, during the preceding 12 months (or such shorter period that the issuer
was required to file such reports and materials), other than Current Reports on Form 8-K; and (iv) at least one year has elapsed
from the time that the issuer filed current Form 10 type information with the SEC reflecting its status as an entity that is not
a shell company.

 

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viii.                   
The Purchaser has knowledge and experience in financial and business matters, understands the high degree of risk associated
with investments in the securities of companies in the development stage such as the Company, is capable of evaluating the merits
and risks of an investment in the Private Placement Shares and is able to bear the economic risk of an investment in the Private
Placement Shares in the amount contemplated hereunder for an indefinite period of time. The Purchaser has adequate means of providing
for its current financial needs and contingencies and will have no current or anticipated future needs for liquidity which would
be jeopardized by the investment in the Private Placement Shares. The Purchaser can afford a complete loss of its investment in
the Private Placement Shares.

 

ix.                     
Prior to the execution of this Agreement, the Purchaser has had the opportunity to ask questions of and receive answers
from representatives of the Company concerning an investment in the Company, as well as the finances, operations, business and
prospects of the Company, and the opportunity to obtain additional information to verify the accuracy of all information so obtained.
In determining whether to make this investment, the Purchaser has relied solely on the Purchaser’s own knowledge and understanding
of the Company and its business based upon the Purchaser’s own due diligence investigation. The Purchaser understands that
no person has been authorized to give any information or to make any representations which were not furnished pursuant to Section
2 of this Agreement and the Purchaser has not relied on any other representations or information in making its investment decision,
whether written or oral, relating to the Company, its operations or its prospects.

 

x.                       
The Purchaser understands that the Private Placement Shares shall bear the following
legend and appropriate “stop transfer restrictions”:

 

“THE SECURITIES REPRESENTED
HEREBY HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND NEITHER
THE SECURITIES NOR ANY INTEREST THEREIN MAY BE OFFERED, SOLD, TRANSFERRED, PLEDGED OR OTHERWISE DISPOSED OF EXCEPT PURSUANT TO
AN EFFECTIVE REGISTRATION STATEMENT UNDER SUCH ACT OR SUCH LAWS OR AN EXEMPTION FROM REGISTRATION UNDER SUCH ACT AND SUCH LAWS
WHICH, IN THE OPINION OF COUNSEL, IS AVAILABLE.

 

THE
SECURITIES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO LOCKUP PROVISIONS AND MAY NOT BE OFFERED, SOLD, TRANSFERRED, PLEDGED
OR OTHERWISE DISPOSED OF DURING THE TERM OF THE LOCKUP.”

 

4.                  
Conditions of the Purchaser’s Obligations. The obligations of the Purchaser to purchase and pay for the Private
Placement Shares are subject to the fulfillment, on or before the applicable Closing Date, of each of the following conditions:

 

a.                  
Representations and Warranties. The representations and warranties of the Company contained in Section 2 shall
be true and correct at and as of such Closing Date as though then made.

 

b.                 
Performance. The Company shall have performed and complied with all agreements, obligations and conditions contained
in this Agreement that are required to be performed or complied with by it on or before such Closing Date.

 

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c.                  
No Injunction. No litigation, statute, rule, regulation, executive order, decree, ruling or injunction shall
have been enacted, entered, promulgated or endorsed by or in any court or governmental authority of competent jurisdiction or any
self-regulatory organization having authority over the matters contemplated hereby, which prohibits the consummation of any of
the transactions contemplated by this Agreement or the Letter Agreement.

 

d.                 
Letter Agreement and Registration Rights Agreement. The Company shall have entered into the Letter Agreement
and the Registration Rights Agreement, each on terms satisfactory to the Purchaser.

 

e.                  
Corporate Consents. The Company shall have obtained the consent of its board of directors authorizing the execution,
delivery and performance of this Agreement and the issuance and sale of the Private Placement Shares hereunder.

 

5.                  
Conditions of the Company’s Obligations. The obligations of the Company to the Purchaser under this Agreement
are subject to the fulfillment, on or before the applicable Closing Date, of each of the following conditions:

 

a.                  
Representations and Warranties. The representations and warranties of the Purchaser contained in Section 3 shall
be true and correct at and as of such Closing Date as though then made.

 

b.                  
Performance. The Purchaser shall have performed and complied with all agreements, obligations and conditions
contained in this Agreement that are required to be performed or complied with by the Purchaser on or before such Closing Date.

 

c.                  
No Injunction. No litigation, statute, rule, regulation, executive order, decree, ruling or injunction shall
have been enacted, entered, promulgated or endorsed by or in any court or governmental authority of competent jurisdiction or any
self-regulatory organization having authority over the matters contemplated hereby, which prohibits the consummation of any of
the transactions contemplated by this Agreement or the Letter Agreement.

 

d.                 
Letter Agreement. The Company shall have entered into the Letter Agreement on terms satisfactory to the Company.

 

6.                  
Miscellaneous.

 

a.                  
Successors and Assigns. Except as otherwise expressly provided herein, all covenants and agreements contained
in this Agreement by or on behalf of any of the parties hereto shall bind and inure to the benefit of the respective successors
of the parties hereto whether so expressed or not. Notwithstanding the foregoing or anything to the contrary herein, the parties
may not assign this Agreement without the prior written consent of the other party hereto, other than assignments by the Purchaser
to its affiliates (including, without limitation, one or more of its members).

 

b.                 
Severability. Whenever possible, each provision of this Agreement shall be interpreted in such manner as to be
effective and valid under applicable law, but if any provision of this Agreement is held to be prohibited by or invalid under applicable
law, such provision shall be ineffective only to the extent of such prohibition or invalidity, without invalidating the remainder
of this Agreement.

 

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c.                  
Counterparts. This Agreement may be executed simultaneously in two or more counterparts, none of which need contain
the signatures of more than one party, but all such counterparts taken together shall constitute one and the same agreement. In
the event that any signature is delivered by facsimile transmission or by e-mail delivery of a “pdf” format data file,
such signature shall create a valid and binding obligation of the party executing (or on whose behalf such signature is executed)
with the same force and effect as if such facsimile or “.pdf” signature page were an original thereof. Counterparts
may be delivered via facsimile, electronic mail (including any electronic signature covered by the U.S. federal ESIGN Act of 2000,
Uniform Electronic Transactions Act, the Electronic Signatures and Records Act or other applicable law, e.g., www.docusign.com)
or other transmission method and any counterpart so delivered shall be deemed to have been duly and validly delivered and be valid
and effective for all purposes.

 

d.                 
Descriptive Headings; Interpretation. The descriptive headings of this Agreement are inserted for convenience
only and do not constitute a substantive part of this Agreement. The use of the word “including” in this Agreement
shall be by way of example rather than by limitation.

 

e.                  
Governing Law. This Agreement shall be deemed to be a contract made under the laws of the State of New York and
for all purposes shall be construed in accordance with the internal laws of the State of New York,
without giving effect to conflicts of law principles that would result in the application of the laws of another jurisdiction.

 

f.                   
Amendments. This Agreement may not be amended, modified or waived as to any particular provision, except by a
written instrument executed by all parties hereto.

 

7.                  
Termination. This Agreement may be terminated at any time after December 31, 2020 upon the election by either the Company
or the Purchaser upon written notice to the other party if the closing of the Public Offering does not occur prior to such date.

 

[Signature Page Follows]

 

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IN WITNESS WHEREOF, the parties hereto
have executed this Agreement to be effective as of the date first set forth above.

 

	 	COMPANY:
	 	5:01 ACQUISITION CORP., a Delaware
    corporation
	 	 	 
	 	By:	               
	 	Name:	 
	 	Title:	 
	 
	 	 
	 	PURCHASER:
	 	5:01 ACQUISITION LLC, a Delaware
    limited liability company
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 

 

[Signature Page to Private Placement
Class A Common Stock Purchase Agreement]EX-4.1

 EXHIBIT 4.1 

 

			
	 NUMBER
	  	UNITS
	 U-
	  	

 SEE REVERSE FOR CERTAIN DEFINITIONS 

CUSIP [                 ] 

THAYER VENTURES ACQUISITION CORPORATION 

UNITS CONSISTING OF ONE SHARE OF CLASS A COMMON STOCK AND ONE-HALF OF ONE 

REDEEMABLE WARRANT, 
 EACH
WHOLE WARRANT ENTITLING THE HOLDER TO PURCHASE ONE SHARE OF CLASS A 
 COMMON STOCK 

THIS CERTIFIES THAT                  is the owner of
                 Units. 
 Each Unit
(“Unit”) consists of one share of Class A common stock, par value $0.0001 per share (“Common Stock”), of Thayer Ventures Acquisition Corporation, a Delaware corporation (the
“Company”), and one-third of one redeemable warrant (the “Warrant”). Each whole Warrant entitles the holder to purchase one share of Common Stock for $11.50 per
share (subject to adjustment). Only whole Warrants are exercisable. Each whole Warrant will become exercisable on the later of (i) thirty (30) days after the Company’s completion of a merger, capital stock exchange, asset acquisition,
stock purchase, reorganization or other similar business combination with one or more businesses (each a “Business Combination”), and (ii) twelve (12) months from the closing of the Company’s initial public
offering, and will expire unless exercised before 5:00 p.m., New York City Time, on the date that is five (5) years after the date on which the Company completes its initial Business Combination, or earlier upon redemption or liquidation (the
“Expiration Date”). The Common Stock and Warrants comprising the Units represented by this certificate are not transferable separately prior to
                , 2020, unless Stifel, Nicolaus & Company, Incorporated and Oppenheimer & Co. Inc. elect to allow separate trading earlier, subject to
the Company’s filing of a Current Report on Form 8-K with the Securities and Exchange Commission containing an audited balance sheet reflecting the Company’s receipt of the gross proceeds of the
Company’s initial public offering and issuing a press release announcing when separate trading will begin. No fractional Warrants will be issued upon separation of the Units. The terms of the Warrants are governed by a Warrant Agreement, dated
as of                 , 2020, between the Company and Continental Stock Transfer & Trust Company, as Warrant Agent, and are subject to the terms and provisions
contained therein, all of which terms and provisions the holder of this certificate consents to by acceptance hereof. Copies of the Warrant Agreement are on file at the office of the Warrant Agent at 1 State Street, 30th Floor, New York, New
York 10004, and are available to any Warrant holder on written request and without cost. 
 This certificate is not valid unless
countersigned by the Transfer Agent and registered by the Registrar of the Company. 
 This certificate shall be governed by and construed
in accordance with the internal laws of the State of Delaware. 
 Witness the facsimile signature of a duly authorized signatory of the
Company. 
  

			
	 Authorized Signatory
	  	 Transfer Agent

 Thayer Ventures Acquisition Corporation 

The Company will furnish without charge to each unitholder who so requests, a statement of the powers, designations, preferences and relative,
participating, optional or other special rights of each class of equity or series thereof of the Company and the qualifications, limitations, or restrictions of such preferences and/or rights. 

The following abbreviations, when used in the inscription on the face of this certificate, shall be construed as though they were written out
in full according to applicable laws or regulations: 
  

															
	 TEN COM
	 	—	 	as tenants in common	 	UNIF GIFT MIN ACT	 	—	  		  	Custodian	  	
	 TEN ENT
	 	—	 	as tenants by the entireties	 		 		  	(Cust)	  		  	(Minor)
	 JT TEN
	 	—	 	as joint tenants with right of survivorship and not as tenants in common	 		 		  	under Uniform Gifts to Minors Act
	 	 	 	 	 	 	 	 	 	  	(State)

 Additional abbreviations may also be used though not in the above
list.                             

For value received,
                                 hereby sells, assigns and transfers unto 

(PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE) 

(PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING ZIP CODE, OF ASSIGNEE) 

Units represented by the within Certificate, and does hereby irrevocably constitute and appoint 

Attorney to transfer the said Units on the books of the within named Company with full power of substitution in the premises. 

Dated 
  

			
		 	Notice: The signature to this assignment must correspond with the name as written upon the face of the certificate in every particular, without alteration or enlargement or any change whatever.

  
  

Signature(s) Guaranteed: 
  

	
	THE SIGNATURE(S) MUST BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION (BANKS, STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS AND CREDIT UNIONS WITH MEMBERSHIP IN AN APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM, PURSUANT TO
S.E.C. RULE 17Ad-15 UNDER THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED (OR ANY SUCCESSOR RULE)).

 As more fully described in, and subject to the terms and conditions described in, the Company’s final
prospectus for its initial public offering dated                 , 2020, the holder(s) of this certificate shall be entitled to receive a pro rata portion of
certain funds held in the trust account established in connection with the Company’s initial public offering only in the event that (i) the Company redeems the shares of Common Stock sold in the Company’s initial public offering and
liquidates because it does not consummate an initial business combination by the date set forth (the “Last Date”) in the Company’s Amended and Restated Certificate of Incorporation, as the same may be amended from time to time (the
“Charter”), (ii) the Company redeems the shares of Common Stock sold in its initial public offering properly submitted in connection with a stockholder vote to amend the Charter to modify the substance or timing of the Company’s
obligation to allow redemption in connection with our initial business combination or to redeem 100% of the Common Stock if it does not consummate an initial business combination by the Last Date or with respect to any other provisions relating to
stockholders’ rights or pre-initial business combination activity, or (iii) if the holder(s) seek(s) to redeem for cash his, her or its respective shares of Common Stock in connection with
a tender offer (or proxy solicitation, solely in the event the Company seeks stockholder approval of the proposed initial business combination) setting forth the details of a proposed initial business combination. In no other circumstances shall the
holder(s) have any right or interest of any kind in or to the trust account.

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