Document:

Exhibit 10.27

 

MEMBERSHIP INTEREST PURCHASE AGREEMENT

 

Dated: 23 June  2021

 

THIS MEMBERSHIP INTEREST PURCHASE AGREEMENT
(the “Agreement”) for the purchase of the membership interests of HOMEMADE MEALS, LLC (“Company”), a Delaware
limited liability company, is made this day between the members of the Company described on the signature page (each a “Seller”
and collectively the “Sellers”) and Home Bistro, Inc. (“Buyer”), a Nevada corporation.

 

RECITALS

 

WHEREAS, the Sellers now own
exactly one hundred percent (100%) of the membership interests of the Company (the “Membership Interest.”), and

 

WHEREAS, the Buyer desires
to purchase from Sellers, and Sellers desire to sell to Buyer, the Membership Interest (the “Membership Interest Purchase”),
and

 

WHEREAS, Seller desires to
assign all their rights to Membership Interest to Buyer;

 

WHEREAS, the parties hereto
desire to complete the Membership Interest Purchase upon the terms and conditions hereinafter stated;

 

NOW, THEREFORE, in consideration
of the mutual covenants and agreements hereinafter set forth, it is agreed as follows:

 

AGREEMENT

 

1. Sale
of Membership Interest. Sellers hereby agree to sell and deliver to Buyer, and Buyer hereby agrees to purchase from Sellers, the
Membership Interest, apportioned as indicated on the signature page, attached hereto.

 

2. Purchase
Price. The purchase price for all the Membership Interest sold by Sellers shall be exactly Four Million Two Hundred Sixty-Six
Thousand Six Hundred Sixty-Six (4,266,666) shares of restricted common stock of the Buyer (the “Purchase Shares”). Each Seller
shall receive its portion of the Purchase Shares as appearing on the signature page to this Agreement.

 

3. Restrictions
on Transfer; Legends. Any Purchase Shares will not be transferable except (a) pursuant to an effective registration statement
under the Securities Act of 1933, as amended (the “Securities Act”); or (b) upon receipt by the Buyer of a written opinion
of counsel reasonably satisfactory to Buyer that is knowledgeable in securities laws matters to the effect that the proposed transfer
is exempt from the registration requirements of the Securities Act and relevant state securities laws and such transfer shall be subject
to the terms and conditions of the Lock Up Leak Out Agreement, attached hereto as Exhibit A. Restrictive legends must be placed on all
certificates representing Purchase Shares, substantially as follows:

 

“THESE SECURITIES HAVE NOT BEEN
REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR THE SECURITIES LAWS OF ANY STATE, AND ARE
BEING OFFERED AND SOLD PURSUANT TO AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND SUCH LAWS. THESE SECURITIES
MAY NOT BE SOLD OR TRANSFERRED EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR PURSUANT TO AN AVAILABLE
EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT OR SUCH OTHER LAWS.”

 

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“UNTIL TWENTY-FOUR MONTHS FROM THE
DATE OF ISSUANACE THESE SECURITIES ARE ALSO SUBJECT TO ADDITIONAL RESTRICTIONS ON TRANSFER PURSUANT TO THE TERMS OF A LOCKUP AGREEMENT
DATED JUNE 11, 2021”

 

“THESE SECURITIES HAVE RESTRICTED
VOTING RIGHTS AND MAY BE SUBJECT TO THE TERMS OF A PROXY ON FILE IN THE COMPANY’S EXECUTIVE OFFICE.”

 

4. Piggy Back Rights.  If,
at any time after twelve (12) months from the Closing, the Buyer proposes to register any of its common equity securities under the Securities
Act of 1933, as Amended, whether for its own account or for the account of one or more stockholders of the Buyer, and the registration
form to be used may be used for any registration of the Shares (a “Piggyback Registration”), the Buyer shall give the Sellers
prompt written notice of its intention to effect such a registration and, at the option of Sellers, individually, shall include in such
registration all Shares held by the Seller. Any Shares included in a Piggyback Registration shall continue to be subject
to any and all lockup and/or leak- out limitations on the Shares.

 

5. Reorganization.
The transaction contemplated herein is intended to comply with Internal Revenue Code § 368(a)(1)(B), and the parties shall take
such actions as shall be reasonably necessary to facilitate such intentions. If it is determined either by the parties or the Internal
Revenue Service that any clause or portion of this Agreement otherwise would hinder the applicability of Internal Revenue Code §
368(a)(1)(B) to the overall transaction, such clause and/or portion shall be deemed void, so long as in doing so, the material terms and
conditions of the Agreement remain in full force.

 

6. Closing.

 

a. Unless
otherwise agreed by the parties, the Closing shall occur by parties mailing to each other executed Agreements on or before June 11,
2021, (the “Closing”), TIME BEING OF THE ESSENCE, or at such other date as the parties may mutually designate in
writing.

 

b. At
the Closing, each Seller shall deliver, or cause to be delivered, to Buyer an Assignment of Membership Interest in the form attached hereto
as Exhibit B, or such other form of transfer sufficient to transfer unencumbered ownership to the Buyer.

 

c. At
Closing, Buyer shall deliver to each Seller certificates, or evidence of the issuance otherwise, representing such Seller’s portion
of the Purchase Shares evidence that the Purchase Shares have been issued to the Sellers in amounts described on the signature page; and

 

d. At
or upon Closing, the parties shall execute all other documents and take such other actions as are reasonably necessary to carry out the
terms of this Agreement and consummate the transactions contemplated hereby.

 

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7. Representations
and Warranties of Seller. Each Seller represents and warrants to Buyer as follows:

 

a.  Authority.
Seller has the authority to enter into this Agreement and to carry out its obligations hereunder. Each Seller represents that this Agreement
is a valid and binding obligation of the respective Seller. Neither the execution and delivery of this Agreement nor the consummation
of the transactions contemplated hereby nor compliance by the Seller with any of the provisions hereof will result in a default (or give
rise to any right of termination, cancellation, or acceleration) under any of the terms conditions or provisions of any note, bond, mortgage,
indenture, license, agreement or other instrument or obligation to which either the respective Seller is a party, or by which they or
any of their properties or assets may be bound.

 

b. 
Clear Title. Each Seller is the owner, free and clear of any encumbrances, of its membership interest in the Company being exchanged
for its pro rata portion of the Purchase Shares.

 

c. 
Accuracy of Statements. Neither this Agreement nor any statement or other information furnished or to be furnished by Seller to
Buyer in connection with this Agreement or any of the transactions contemplated hereby contains or will contain an untrue statement of
material fact or omits or will omit to state a material fact necessary to make the statements contained herein or therein not misleading.

 

8. 
Representations and Warranties of Buyer. Buyer represents and warrants to Sellers as follows:

 

a.  Authority.
Buyer has the authority to enter into this Agreement and to carry out its obligations hereunder. Buyer represents that this Agreement
is a valid and binding obligation of Buyer.

 

b. 
Accuracy of Statements. Neither this Agreement nor any statement or other information furnished by Buyer to Seller in connection
with this Agreement or any of the transactions contemplated hereby contains or will contain an untrue statement of a material fact or
omits or will omit to state a material fact necessary to make the statements contained herein or therein, not misleading.

 

9. Covenants
of Sellers. Each Seller agrees that, unless Buyer otherwise agrees in writing, from the date of this Agreement until Closing.

 

a.  Preservation
of Business. Seller shall not (i) intentionally materially impair the goodwill and advantageous relationships of the Company with
its customers and other persons having business dealings with the Company; (ii) cause the cancellation or revocation of any licenses,
permits, registrations, trade names, service marks, copyrights, or other similar rights of the Company; or (iii) cause the Company to
violate any laws applicable to the conduct of its business.

 

b. Ordinary
Course. Seller shall not interfere with the usual, regular, and ordinary course of business of the Company in substantially the same
manner as previously, and shall not make any substantial change to their methods of management or operation in respect of the Company;
except in either event as shall be reasonably necessary to effectuate the transactions contemplated by this Agreement.

 

c. Investigation.
Seller shall authorize the Company and the Company’s President to (i) permit Buyer access to the Company’s property, books,
and records for the purpose of permitting a complete and detailed examination by Buyer, and (i) furnish Buyer, upon request, any information
reasonably requested with respect to the Company’s property, assets, business, and affairs.

 

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10.  Covenants
of Buyer. 

 

a. Buyer
agrees, unless Sellers otherwise agree in writing, that Buyer shall obtain prior to Closing all necessary consents and approvals of all
necessary persons to the performance by Buyer of the Membership Interest Purchase contemplated by this Agreement. Buyer shall make all
filings applications, statements and reports to all federal and state government agencies or entities which are required to be made prior
to Closing by or on behalf of Buyer pursuant to any statute, rule, or regulation in connection with the transactions contemplated by this
Agreement.

 

b. From
and after the Closing, Buyer shall not, directly or indirectly, (i) sell, assign, or grant Robert Flutie, Flutie Entertainment USA, Inc.,
FACA Consulting Group, Inc. and/or any of the family members, employees, contractors or affiliates of Robert Flutie, Flutie Entertainment
USA, Inc., or FACA Consulting Group, Inc., or other entity or individual in or of which Robert Flutie is a member owner, officer, partner,
director manager, employee or contractor (collectively, the “Flutie Parties”), any ownership interest (including, for the
avoidance of doubt, any direct or indirect economic interest, voting interest, or phantom interest) in the Company or any of the Company’s
assets (real, personal, tangible or intangible), (ii) hire any of the Flutie Parties as an employee, officer, director, manager, contractor,
or agent of the Company or (iii) grant convey or transfer to any of the Flutie Parties any right, title or interest in or to the tradename
“Homemade Meals”. In the event that Buyer is acquired by a third party or sells the Company (whether pursuant to a sale of
assets, equity, or merger) to a third party, Buyer shall incorporate the covenants contained in this Section 9(b) in any agreement memorializing
such sale.

 

11. Parties
Negative Covenants. Each Seller hereby covenants and warrants to each other that, from the date of this Agreement until Closing,
they will not, without the prior written consent of the other party, cause the Company to declare or pay any dividend; redeem or otherwise
acquire any Membership Interest of its capital Membership Interest now or hereafter outstanding; issue any new or additional Membership
Interest, or cancel, sell, transfer or otherwise dispose of the Membership Interest purchased hereunder except upon compliance with the
provisions of Section 2 hereof. Each Seller further covenants that he will not cause the Company to create any additional obligations
to employees that will survive Closing, including, but not limited to, employee benefit plans, bonuses, and other compensation.

 

12.  Conditions
Precedent to Obligations of Sellers. The obligations of the Seller under this Agreement are subject to the satisfaction of the
following conditions on or before Closing unless waived in writing by Sellers.

 

a.  Accuracy
of Representations and Warranties. The representations and warranties of Buyer set forth in Section 5 hereof shall be true and correct
in all material respects as of the date of this Agreement and as of Closing as though made on and as of Closing, except as otherwise specified
by this Agreement.

 

b.  Performance
of Obligations of Buyer. Buyer shall have in all material respects performed all obligations and agreements and complied with all
covenants and conditions contained in this Agreement to be performed and complied with by them.

 

13. 
Conditions Precedent to Obligations of Buyer. The obligations of Buyer to perform under this Agreement are subject to the satisfaction
of the following conditions on or before Closing unless waived in writing by Buyer:

 

a. Accuracy
of Representation and Warranties. The representations and warranties of the Sellers set forth in Section 5 hereof shall be true and
correct in all material respects as of the date of this Agreement and as of the Closing date as though made on and as of Closing, except
as otherwise specified by this Agreement.

 

b. Performance
of Obligations of Sellers. Each Seller shall have in all material respects performed all obligations and agreements and complied with
all covenants and conditions contained in this Agreement required to be performed and complied with by them.

 

c.  Reserved.

 

14. 
Survival of Representations and Warranties. Each party hereto covenants and agrees that its representations and warranties
contained in this Agreement, and in any document delivered or to be delivered pursuant to this Agreement in connection with Closing hereunder,
shall survive Closing.

 

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15. Release Between
Members and the Company. Subject to any Settlement Agreement in effect with respect to any Seller, each Seller hereby releases,
waives, terminates, forgives and forever discharges the Company and each other Seller and its successors and assigns, from and against
any and all causes of action, claims, demands, assertions, liabilities, suits, damages, judgments and executions and any other claim or
manner or thing whatsoever in law, equity or otherwise, which such Seller may now have with respect to the Company or any other Seller,
whether known or unknown, contingent or absolute, and in any capacity, from the beginning of time, up to and including the date of this
Agreement (individually and collectively, “Claims”), including without limitation, any and all Claims arising out of or pursuant
to any of the Operating Agreement of the Company. Subject to any Settlement Agreement in effect with respect to the Company, the Company
hereby releases, waives, terminates, forgives, and forever discharges each Seller and its successor and assigns from and after any Claims.

 

16. Indemnification
and Release. In consideration of Sellers’, on the one hand, and Buyer’s, on the other hand, mutual execution and performance
of this Agreement, each of the Sellers, on the one hand, and the Buyer on the other hand (each, an “Indemnifying Party”) hereby
agrees to defend and indemnify the other and its affiliates and subsidiaries and their respective directors, officers, employees, agents
and representatives, and the successors and assigns of each of them (collectively, the “Indemnified Parties”) and each Indemnifying
Party does hereby agree to hold the Indemnified Parties forever harmless, from and against any and all Claims made, brought or asserted
against the Indemnified Parties, or any one of them, and each Indemnifying Party, each individually, hereby agree to pay or reimburse
the Indemnified Parties for any and all such indemnified Claims payable by any of the Indemnified Parties to any person, including reasonable
attorneys’ and paralegals’ fees and expenses, court costs, settlement amounts, costs of investigation and interest thereon
from the time such amounts are due at the highest non-usurious rate of interest permitted by applicable law, through all negotiations,
mediations, arbitrations, trial and appellate levels, as a result of, or arising out of, or relating to: (i) any misrepresentation or
breach of any representation or warranty made by the Indemnifying Party in this Agreement or any other certificate, instrument or document
contemplated hereby or thereby; (ii) any breach of any covenant, agreement or obligation of the Indemnifying Party contained in this Agreement
or any other certificate, instrument or document contemplated hereby or thereby; or (iii) any Claims brought or made against the Indemnified
Parties, or any one of them, by a third party and arising out of or resulting from the execution, delivery, performance or enforcement
of this Agreement or any other instrument, document or agreement executed pursuant hereto or thereto.

 

17.  Notices.
All notices, requests, demands, and other communications which are required or may be given under this Agreement shall be in writing,
unless otherwise specified in this Agreement, and shall be deemed to have been duly given if delivered personally or sent by certified
mail, return receipt requested, postage prepaid, addressed as follows:

 

	If to Each Sellers:	to the address of Seller appearing its signature to this Agreement
	 	 
	If to the Buyer:	Home Bistro, Inc.

 

or to such other addresses any party shall have specified by notice
in writing to the other.

 

18. Applicable Law.  The
parties acknowledge and agree that any controversy or claim or litigation arising out of or relating to this Agreement shall be governed
by and in accordance with the laws of the State of Delaware. In the event of litigation in a court of law, the parties hereby agree to
submit to the jurisdiction of the United States District Court for State of Delaware applying Delaware law.

 

19. Attorney’s Fees. In any action
or proceeding brought by any party against the other, the substantially prevailing party shall, in addition to other allowable costs,
by entitled to an award of reasonable attorney’s fees.

 

20. Headings.
The section and other headings contained in this Agreement are for reference purposes only and shall not affect the meaning and interpretation
of this Agreement.

 

21. Counterparts.
This Agreement may be executed in any number of counterparts, each of which shall be deemed to be an original and all of which together
shall be deemed to be one and the same instrument.

 

22. Severability.
In the event any provision of this Agreement is held to be invalid, illegal, or unenforceable for any reason and in any respect, such
invalidity, illegality, or unenforceability shall in no event affect, prejudice, or disturb the validity of the remainder of this Agreement,
which shall be and remain in full force and effect, enforceable in accordance with its terms.

 

23. Entire Agreement/Amendment.
This Agreement supersedes all previous Agreements between the parties herein and constitutes the entire agreement of whatsoever kind or
nature existing between or among the parties respecting the within subject matter, and no party shall be entitled to benefits other than
those specified herein. As between or among the parties, no oral statements or prior written material not specifically incorporated herein
shall be of any force and effect. The parties specifically acknowledge that in entering into and executing this Agreement, the parties
rely solely upon the representations and agreements contained in this Agreement and no others. All prior representations or agreements,
whether written or verbal, not expressly incorporated herein are superseded, and no changes in or additions to this Agreement shall be
recognized unless and until made in writing and signed by all parties hereto. This Agreement shall supersede all previous agreements relating
to the Company and shall completely terminate the Seller’s interest in and all business relationships with the Company and between
or among the parties signing this Agreement. This Agreement may be executed in any number of counterparts, including counterparts transmitted
by telecopier or FAX, any one of which shall constitute an original of this Agreement. When counterparts of facsimile copies have been
executed by all parties, they shall have the same effect as if the signatures to each counterpart or copy were upon the same document
and copies of such documents shall be deemed valid as originals. The parties agree that all such signatures may be transferred to a single
document upon the request of any party.

 

24. Vesting/recordation.
The parties shall furnish to each other, in form and substance reasonably satisfactory to Buyer, assignments or other instruments of transfer
and consents and waivers by others, necessary or appropriate to transfer to and effectively vest in Buyer all right, title and interest
in and to the Membership Interest, specifically the Membership Interest Certificates effectively executed by Seller and the return to
treasury by the Seller, in proper statutory form for recording if such recording is necessary or appropriate.

 

25. Recitals.
The Recitals are a material portion of this Agreement and are incorporated by reference herein.

 

THIS SPACE INTENTIONALLY BLANK SIGNATURE PAGE
TO FOLLOW 

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[Signature page Homemade Meals, LLC Membership
Interest Purchase Agreement]

 

IN WITNESS WHEREOF, the parties hereto have executed this Agreement
as of the day and year first above written.

 

SELLERS

 

	Seller	 	%  Held	 	 	Purchase Shares Received	 	 	Signature	 	Date
	AC Branding, LLC	 	 	46.87	%	 	 	2,000,000	 	 	/s/
                                            Ayesha Curry
	 	07/01/2021

	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	Flutie Entertainment USA, Inc.	 	 	15.10	%	 	 	644,444	 	 	/s/ Robert Flutie	 	06/23/2021
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	FACA Consulting Group, Inc.	 	 	36.46	%	 	 	1,555,556	 	 	/s/ Robert Flutie	 	06/23/2021
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	Danielle Iturbe	 	 	1.56	%	 	 	66,667	 	 	/s/ Danielle Iturbe	 	06/29/2021
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	TOTAL	 	 	100	%	 	 	4,266,667	 	 	 	 	 

 

	BUYER	 
	Home Bistro, Inc.	 
	 	 
	By: 	/s/ Zalmi Duchman	 
	Zalmi Duchman, President	 
	 	 	 
	COMPANY	 
	Homemade Meals, LLC	 
	 	 
	By:	/s/ Zalmi Duchman	 
	Zalmi Duchman, President	 

 

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EXHIBIT A

 

[See attached.]

 

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EXHIBIT B

FORM OF ASSIGNMENT OF LIMITED LIABILITY COMPANY
INTEREST

 

FOR GOOD AND VALUABLE CONSIDERATION,
the receipt and sufficiency of which is hereby acknowledged, _____________________________ (hereinafter referred to as “Assignor”)
does hereby assign, set over and transfer to Home Bistro, Inc. (hereinafter referred to as “Assignee”) effective as of 12:01
am on the date written below, a ____% membership interest in Homemade Meals, LLC (the “Company Interest”).

 

Assignor warrants and represents to Assignee that
the title conveyed is good, its transfer is rightful; and the Company Interest transferred hereunder is good and free and clear from all
liens or encumbrances or claims of creditors.

 

Assignor does for itself and its successors and
assigns, covenant and agree to defend title to the Company Interest against any and every person for the benefit of Assignee, her successors
in interest and assigns, and to grant such further assurances of the same as may be reasonably requested by Assignee.

 

IN WITNESS WHEREOF, the undersigned has hereunto set my hand and seal
this _______ day of ___________, 2021.

 

	WITNESS:	 	[Assignor Name]
	 	 	 
	 	 	By: 	__________________________(SEAL)
	 	 	Name:  	 
	 	 	Title:	 

 

 

8EX-10.1

 Exhibit 10.1 

THIS PROMISSORY NOTE (“NOTE”) HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”).
THIS NOTE HAS BEEN ACQUIRED FOR INVESTMENT ONLY AND MAY NOT BE SOLD, TRANSFERRED OR ASSIGNED IN THE ABSENCE OF REGISTRATION OF THE RESALE THEREOF UNDER THE SECURITIES ACT OR AN OPINION OF COUNSEL REASONABLY SATISFACTORY IN FORM, SCOPE AND SUBSTANCE
TO THE MAKER THAT SUCH REGISTRATION IS NOT REQUIRED. 
 PROMISSORY NOTE 

May 25, 2021 
 Principal Amount: Up to
$2,000,000.00 
 TLG Acquisition One Corp., a Delaware corporation and blank check company (the “Maker”), promises to pay to the order of
TLG Acquisition Founder LLC, a Delaware limited liability company, or its registered assigns or successors in interest (the “Payee”), the principal sum of up to two million dollars ($2,000,000.00) in lawful money of the United
States of America, on the terms and conditions described below. All payments on this Note shall be made by check or wire transfer of immediately available funds or as otherwise determined by the Maker to such account as the Payee may from time to
time designate by written notice in accordance with the provisions of this Note. 
 1. Principal. The principal balance of this Note shall be payable
by the Maker on the earlier of: (i) the date on which Maker consummates its initial business combination (the “Business Combination”) or (ii) the date that the winding up of the Maker is effective (such date, the
“Maturity Date”). The principal balance may be prepaid at any time, at the election of Maker, without premium or penalty. Under no circumstances shall any individual, including but not limited to any executive officer, director,
employee or stockholder of the Maker, be obligated personally for any obligations or liabilities of the Maker hereunder. 
 2. Interest. No interest
shall accrue on the unpaid principal balance of this Note. 
 3. Drawdown Requests. Maker and Payee agree that Maker may request up to two million
dollars ($2,000,000.00) for costs reasonably related to Maker’s working capital needs. The principal of this Note may be drawn down from time to time prior to the earlier of the Business Combination and the Maturity Date, upon written request
from Maker to Payee (each, a “Drawdown Request”). Each Drawdown Request must state the amount to be drawn down, and must not be an amount less than ten thousand dollars ($10,000.00) unless agreed upon my Maker and Payee. Payee shall
fund each Drawdown Request no later than five (5) business days after receipt of a Drawdown Request; provided, however, that (i) the maximum amount of drawdowns collectively under this note is two million dollars ($2,000,000.00).
Once an amount is drawn down under this Note, it shall not be available for future Drawdown Requests even if prepaid. No fees, payments or other amounts shall be due to Payee in connection with, or as a result of, any Drawdown Request by Maker.
Notwithstanding the foregoing, all payments shall be applied in accordance with Section 5 hereof. 
 4. Optional Conversion. 

(a) Upon consummation of the Business Combination and at the Payee’s option, the Payee may elect, by written notice to the Maker, to convert up to one
million five hundred thousand dollars ($1,500,000.00) of the Note into that number of warrants (the “Conversion Warrants”) to purchase a number of shares of common stock, par value $0.0001, of the Maker equal to: (i) the
portion of the principal amount of the Note being converted pursuant to this Section 4, divided by (ii) $1.50. The Conversion Warrants shall be identical to the warrants issued by the Maker to Payee, in a private placement upon the consummation
of Maker’s initial public offering (the “IPO”). The Conversion Warrants and their underlying securities, and any other equity security of Maker issued or issuable with respect to the foregoing by way of a share dividend or
share split or in connection with a combination of shares, recapitalization, amalgamation, consolidation or reorganization, shall be entitled to registration rights on the same terms as the registration rights set forth in that certain Registration
Rights Agreement, dated as of January 27, 2021, by and among the Maker, the Payee and the other parties thereto. 
 (b) Upon any complete or partial
conversion of the principal amount of this Note (i) such principal amount shall be so converted and such converted portion of this Note shall become fully paid and satisfied, (ii) the Payee shall surrender and deliver this Note, duly
endorsed, to Maker or such other address which Maker shall designate against delivery of the Conversion Warrants, (iii) Maker shall promptly deliver a new duly executed Note to the Payee in the principal amount that remains outstanding, if any,
after any such conversion and (iv) in exchange for all or any portion of the surrendered Note described in Section 4(a), Maker shall, at the direction of Payee, deliver to Payee (or its members or their respective affiliates) (Payee or
such other persons, the “Holders”) the Conversion Warrants, which shall bear such legends as are required, in the opinion of counsel to Maker or by any other agreement between Maker and the Payee and applicable state and federal
securities laws. 

 (c) The Holders shall pay any and all issue and other taxes that may be payable with respect to any issue or
delivery of the Conversion Warrants upon conversion of this Note pursuant hereto; provided, however, that the Payee shall pay any transfer taxes resulting from any transfer requested by the Holders in connection with any such conversion. 

(d) The Conversion Warrants shall not be issued upon conversion of this Note unless such issuance and such conversion comply with all applicable provisions of
law. 
 5. Application of Payments. All payments shall be applied first to payment in full of any costs incurred in the collection of any sum due
under this Note, including (without limitation) reasonable and documented attorney’s fees, then to the payment in full of any late charges and finally to the reduction of the unpaid principal balance of this Note. 

6. Events of Default. The following shall constitute an event of default (“Event of Default”): 

(a) Failure to Make Required Payments. Failure by Maker to pay the principal amount due pursuant to this Note within five (5) business days of the
Maturity Date. 
 (b) Voluntary Bankruptcy, Etc. The commencement by Maker of a voluntary case under any applicable bankruptcy, insolvency,
reorganization, rehabilitation or other similar law, or the consent by it to the appointment of or taking possession by a receiver, liquidator, assignee, trustee, custodian, sequestrator (or other similar official) of Maker or for any substantial
part of its property, or the making by it of any assignment for the benefit of creditors, or the failure of Maker generally to pay its debts as such debts become due, or the taking of corporate action by Maker in furtherance of any of the foregoing.

 (c) Involuntary Bankruptcy, Etc. The entry of a decree or order for relief by a court having jurisdiction in the premises in respect of Maker in an
involuntary case under any applicable bankruptcy, insolvency or other similar law, or appointing a receiver, liquidator, assignee, custodian, trustee, sequestrator (or similar official) of Maker or for any substantial part of its property, or
ordering the winding-up or liquidation of its affairs, and the continuance of any such decree or order unstayed and in effect for a period of 60 consecutive days. 

7. Remedies. 
 (a) Upon the occurrence of an Event of
Default specified in Section 6(a) hereof, Payee may, by written notice to Maker, declare this Note to be due immediately and payable, whereupon the unpaid principal amount of this Note, and all other amounts payable hereunder, shall become
immediately due and payable without presentment, demand, protest or other notice of any kind, all of which are hereby expressly waived, anything contained herein or in the documents evidencing the same to the contrary notwithstanding. 

(b) Upon the occurrence of an Event of Default specified in Sections 6(b) and 6(c), the unpaid principal balance of this Note, and all other sums payable with
regard to this Note, shall automatically and immediately become due and payable, in all cases without any action on the part of Payee. 
 8. Waivers.
Maker and all endorsers and guarantors of, and sureties for, this Note waive presentment for payment, demand, notice of dishonor, protest, and notice of protest with regard to the Note, all errors, defects and imperfections in any proceedings
instituted by Payee under the terms of this Note, and all benefits that might accrue to Maker by virtue of any present or future laws exempting any property, real or personal, or any part of the proceeds arising from any sale of any such property,
from attachment, levy or sale under execution, or providing for any stay of execution, exemption from civil process, or extension of time for payment; and Maker agrees that any real estate that may be levied upon pursuant to a judgment obtained by
virtue hereof or any writ of execution issued hereon, may be sold upon any such writ in whole or in part in any order desired by Payee. 
 9.
Unconditional Liability. Maker hereby waives all notices in connection with the delivery, acceptance, performance, default, or enforcement of the payment of this Note, and agrees that its liability shall be unconditional, without regard to the
liability of any other party, and shall not be affected in any manner by any indulgence, extension of time, renewal, waiver or modification granted or consented to by Payee, and consents to any and all extensions of time, renewals, waivers, or
modifications that may be granted by Payee with respect to the payment or other provisions of this Note, and agrees that additional makers, endorsers, guarantors, or sureties may become parties hereto without notice to Maker or affecting
Maker’s liability hereunder. 
 10. Notices. All notices, statements or other documents which are required or contemplated by this Note shall be
made in writing and delivered: (i) personally or sent by first class registered or certified mail, overnight courier service or facsimile or electronic transmission to the address designated in writing, (ii) by facsimile to the number most
recently provided to such party or such other address or fax number as may be designated in writing by such party or (iii) by electronic mail, to the electronic mail address most recently provided to such party or such other electronic mail
address as may be designated in writing by such party. Any notice or other communication so transmitted shall be deemed to have been given on the day of delivery, if delivered personally, on the business day following receipt of written
confirmation, if sent by facsimile or electronic transmission, one (1) business day after delivery to an overnight courier service or five (5) days after mailing if sent by mail. 

 11. Construction. THIS NOTE SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE LAWS OF NEW YORK,
WITHOUT REGARD TO CONFLICT OF LAW PROVISIONS THEREOF. 
 12. Severability. Any provision contained in this Note which is prohibited or unenforceable
in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not
invalidate or render unenforceable such provision in any other jurisdiction. 
 13. Trust Waiver. Notwithstanding anything herein to the contrary, the
Payee hereby waives any and all right, title, interest or claim of any kind (“Claim”) in or to any distribution of or from the trust account (the “Trust Account”) established in connection with Maker’s IPO, and
hereby agrees not to seek recourse, reimbursement, payment or satisfaction for any Claim against the Trust Account for any reason whatsoever; provided however that Maker, may, in its sole direction, repay the principal balance of this Note out of
the proceeds released to Maker from the Trust Account. 
 14. Amendment; Waiver. Any amendment hereto or waiver of any provision hereof may be made
with, and only with, the written consent of the Maker and the Payee. 
 15. Assignment. No assignment or transfer of this Note or any rights or
obligations hereunder may be made by any party hereto (by operation of law or otherwise) without the prior written consent of the other party hereto and any attempted assignment without the required consent shall be void; provided, however, that the
foregoing shall not apply to an affiliate of Payee who agrees to be bound to the terms of this Note. 
 [Signature page follows] 

 IN WITNESS WHEREOF, Maker, intending to be legally bound hereby, has caused this Note to be duly
executed by the undersigned as of the day and year first above written. 
  

			
	TLG ACQUISITION ONE CORP.
		
	By:	 	 /s/ John Michael Lawrie

		 	Name: John Michael Lawrie
		 	Title: Chief Executive Officer
	
	ACKNOWLEDGED AND AGREED:
	TLG ACQUISITION FOUNDER LLC
		
	By:	 	 /s/ John Michael Lawrie

		 	Name: John Michael Lawrie
		 	Title: Manager

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