SEC Contract Filing

Filing Date: 2021-02-26

Document Content:
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<TYPE>EX-10.1
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<FILENAME>d105820dex101.htm
<DESCRIPTION>EX-10.1
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.1 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">February&nbsp;22, 2021 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Arctos NorthStar Acquisition Corp. </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">2021 McKinney Avenue, #200 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Dallas, Texas 75201 </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="5%" VALIGN="top" ALIGN="left">Re:</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><U>Initial Public Offering</U> </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Ladies and Gentlemen: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This letter (this
&#147;<B><I>Letter Agreement</I></B>&#148;) is being delivered to you in accordance with the Underwriting Agreement (the &#147;<B><I>Underwriting Agreement</I></B>&#148;) entered into by and among Arctos NorthStar Acquisition Corp., a Cayman Islands
exempted company (the &#147;<B><I>Company</I></B>&#148;) and Citigroup Global Markets Inc. as the underwriter (the &#147;<B><I>Underwriter</I></B>&#148;), relating to an underwritten initial public offering (the &#147;<B><I>Public
Offering</I></B>&#148;) of up to 31,625,000 of the Company&#146;s units (including 4,125,000 units that may be purchased pursuant to the Underwriter&#146;s option to purchase additional units, the &#147;<B><I>Units</I></B>&#148;), each comprising of
one of the Company&#146;s Class&nbsp;A ordinary shares, par value $0.0001 per share (the &#147;<B><I>Ordinary Shares</I></B>&#148;), and <FONT STYLE="white-space:nowrap">one-fourth</FONT> of one redeemable warrant (each whole warrant, a
&#147;<B><I>Warrant</I></B>&#148;). Each Warrant entitles the holder thereof to purchase one Ordinary Share at a price of $11.50 per share, subject to adjustment. The Units will be sold in the Public Offering pursuant to a registration statement on
Form <FONT STYLE="white-space:nowrap">S-1</FONT> and a prospectus (the &#147;<B><I>Prospectus</I></B>&#148;) filed by the Company with the U.S. Securities and Exchange Commission (the &#147;<B><I>Commission</I></B>&#148;). Certain capitalized terms
used herein are defined in <U>paragraph</U><U></U><U>&nbsp;1</U> hereof. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In order to induce the Company and the Underwriter to enter into
the Underwriting Agreement and to proceed with the Public Offering and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Arctos NorthStar Acquisition Holdings, LLC (the
&#147;<B><I>Sponsor</I></B>&#148;) and each of the undersigned (each, an &#147;<B><I>Insider</I></B>&#148; and, collectively, the &#147;<B><I>Insiders</I></B>&#148;) hereby agree with the Company as follows: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">1. <U>Definitions</U>. As used herein, (i) &#147;<B><I>Business Combination</I></B>&#148; shall mean a merger, share exchange, asset
acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities; (ii) &#147;<B><I>Founder Shares</I></B>&#148; shall mean the 7,906,250 Class&nbsp;B ordinary shares of the Company, par value
$0.0001 per share, outstanding prior to the consummation of the Public Offering; (iii) &#147;<B><I>Private Placement Warrants</I></B>&#148; shall mean the warrants to purchase Ordinary Shares of the Company that will be acquired by the Sponsor for
an aggregate purchase price of $7,500,000 (or up to $8,325,000 if the Underwriter&#146;s exercise their option to purchase additional units), or $1.50 per Warrant, in a private placement that shall close simultaneously with the consummation of the
Public Offering (including Ordinary Shares issuable upon conversion thereof); (iv) &#147;<B><I>Public Shareholders</I></B>&#148; shall mean the holders of Ordinary Shares included in the Units issued in the Public Offering; (v) &#147;<B><I>Public
Shares</I></B>&#148; shall mean the Ordinary Shares included in the Units issued in the Public Offering; (vi) &#147;<B><I>Trust Account</I></B>&#148; shall mean the trust account into which a portion of the net proceeds of the Public Offering and
the sale of the Private Placement Warrants shall be deposited; (vii) &#147;<B><I>Transfer</I></B>&#148; shall mean the (a)&nbsp;sale of, offer to sell, contract or agreement to sell, hypothecate, pledge, grant of any option to purchase or otherwise
dispose of or agreement to dispose of, directly or indirectly, or establishment or increase of a put equivalent position or liquidation with respect to or decrease of a call equivalent position </P>
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within the meaning of Section&nbsp;16 of the