SEC Contract Filing

Filing Date: 2021-09-15

Document Content:
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<TYPE>EX-10.1
<SEQUENCE>5
<FILENAME>d177108dex101.htm
<DESCRIPTION>EX-10.1
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<TITLE>EX-10.1</TITLE>
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<Center><DIV STYLE="width:8.5in" align="left">
 <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" ALIGN="center"><B>INVESTMENT MANAGEMENT TRUST AGREEMENT </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">This Investment Management Trust Agreement (this &#147;<B><I>Agreement</I></B>&#148;) is made effective as of September&nbsp;9, 2021 by and between First
Light Acquisition Group, Inc., a Delaware corporation (the &#147;<B><I>Company</I></B>&#148;), and Continental Stock Transfer&nbsp;&amp; Trust Company, a New York corporation (the &#147;<B><I>Trustee</I></B>&#148;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, the Company&#146;s registration statement on Form <FONT STYLE="white-space:nowrap">S-1,</FONT>
<FONT STYLE="white-space:nowrap">No.&nbsp;333-259038</FONT> (the &#147;<B><I>Registration Statement</I></B>&#148;), including the prospectus therein (the &#147;<B><I>Prospectus</I></B>&#148;), for the initial public offering of the Company&#146;s
units (the &#147;<B><I>Units</I></B>&#148;), each of which consists of one share of the Company&#146;s Class&nbsp;A common stock, par value $0.0001 per share (the &#147;<B><I>Common Stock</I></B>&#148;), and
<FONT STYLE="white-space:nowrap">one-half</FONT> of one redeemable warrant, each whole warrant entitling the holder thereof to purchase one share of Common Stock (such initial public offering hereinafter referred to as the
&#147;<B><I>Offering</I></B>&#148;), has been declared effective as of the date hereof by the U.S. Securities and Exchange Commission; and </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, the Company has entered into an Underwriting Agreement (the &#147;<B><I>Underwriting Agreement</I></B>&#148;) with Guggenheim
Securities, LLC, as the underwriter (the &#147;<B><I>Underwriter</I></B>&#148;); and </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, as described in the Prospectus, (a)
$200,000,000 of the gross proceeds of the Offering (or $230,000,000 if the Underwriter&#146;s over-allotment option is exercised in full) and (b)&nbsp;up to $4,000,000 (or $4,600,000 if the Underwriter&#146;s over-allotment option is exercised in
full) paid by the sponsor (or its affiliates or designees) if the Company were to exercise the two three-month extensions to extend the period of time for the Company to consummate its initial business combination from 12 months to 18 months, in
each case, will be delivered to the Trustee to be deposited and held in a segregated trust account located at all times in the United States (the &#147;<B><I>Trust Account</I></B>&#148;) for the benefit of the Company and the holders of shares of
the Common Stock included in the Units issued in the Offering as hereinafter provided (the amount to be delivered to the Trustee (and any interest subsequently earned thereon) is referred to herein as the &#147;<B><I>Property</I></B><I>,</I>&#148;
the stockholders for whose benefit the Trustee shall hold the Property are referred to as the &#147;<B><I>Public Stockholders</I></B><I>,</I>&#148; and the Public Stockholders and the Company are referred to together as the
&#147;<B><I>Beneficiaries</I></B>&#148;); and </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, pursuant to the Underwriting Agreement, a portion of the Property equal to
$7,000,000, or $8,050,000 if the Underwriter&#146;s over-allotment option is exercised in full, is attributable to deferred underwriting discounts and commissions that will be payable by the Company to the Underwriter upon the consummation of the
initial Business Combination (as defined below) (the &#147;<B><I>Deferred Discount</I></B>&#148;); and </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, the Company and the
Trustee desire to enter into this Agreement to set forth the terms and conditions pursuant to which the Trustee shall hold the Property. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">NOW THEREFORE, IT IS AGREED: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">1.
<U>Agreements and Covenants of Trustee</U>. The Trustee hereby agrees and covenants to: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(a) Hold the Property in trust for the
Beneficiaries in accordance with the terms of this Agreement in the Trust Account established by the Trustee at J.P. Morgan Chase Bank, N.A. (or at another U.S. chartered commercial bank with consolidated assets of $100&nbsp;billion or more) in the
United States, and at a brokerage institution selected by the Trustee that is reasonably satisfactory to the Company; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(b) Manage,
supervise and administer the Trust Account subject to the terms and conditions set forth herein; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(c) In a timely manner, upon the written
instruction of the Company, invest and reinvest the Property solely in United States government securities within the meaning of Section&nbsp;2(a)(16) of the Investment Company Act of 1940, as amended (the &#