SEC Contract Filing

Filing Date: 2023-07-24

Document Content:
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<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>d478860dex102.htm
<DESCRIPTION>EX-10.2
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<TITLE>EX-10.2</TITLE>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.2 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SUBSCRIPTION AGREEMENT </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This SUBSCRIPTION AGREEMENT (this &#147;<U>Subscription Agreement</U>&#148;) is entered into on July&nbsp;23, 2023, by and among TLG
Acquisition One Corp., a Delaware corporation (the <U>&#147;Company</U>&#148;) and the undersigned subscriber (&#147;<U>Subscriber</U>&#148;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, the Company and Eagle Merger Corp., a Delaware corporation and wholly-owned subsidiary of the Company (&#147;<U>Merger
Sub</U>&#148;), entered into a Merger Agreement, dated November&nbsp;13, 2022 (as amended by the First Amendment to Merger Agreement dated December&nbsp;23, 2022, the Second Amendment to Merger Agreement dated March&nbsp;22, 2023, the Third
Amendment to Merger Agreement dated June&nbsp;8, 2023 and as it may be further amended, supplemented or otherwise modified from time to time in accordance with its terms, the &#147;<U>Business Combination Agreement</U>&#148;), with Electriq Power,
Inc., a Delaware corporation (&#147;<U>Electriq</U>&#148;), pursuant to which, among other things, Merger Sub will merge with and into Electriq, with Electriq surviving such merger as a&nbsp;wholly-owned&nbsp;subsidiary of the Company (the
&#147;<U>Merger</U>&#148;, and together with the other transactions contemplated by the Business Combination Agreement, the &#147;<U>Transactions</U>&#148;), and upon the consummation of the Transactions, the Company will change its name to
&#147;Electriq Power Holdings, Inc.&#148;; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, prior to the consummation of the Merger, certain stockholders of the Company elected
to redeem public shares of the Company&#146;s Class&nbsp;A common stock, par value $0.0001 per share (the &#147;<U>Class</U><U></U><U>&nbsp;A Common Stock</U>&#148; or the &#147;<U>Common Stock</U>&#148;), in connection with the special meeting of
the stockholders of the Company to vote on the proposals relating to the Mergers set forth in the proxy statement on Form 424B3 (the &#147;<U>Proxy Statement</U>&#148;) filed with the U.S. Securities and Exchange Commission (the
&#147;<U>Commission</U>&#148;) on July&nbsp;12, 2023 (the total number of shares of Class&nbsp;A Common Stock that are irrevocably and validly elected to be redeemed, the &#147;<U>Redeemed Shares</U>&#148;); </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, pursuant to the Amended and Restated Certificate of Incorporation, dated January&nbsp;27, 2021, as amended by the Certificate of
Amendment to the Amended and Restated Certificate of Incorporation, dated December&nbsp;19, 2022 (the &#147;<U>Charter</U>&#148;), and as set forth in the Proxy Statement, the Company is, subject to certain exceptions, obligated to redeem (the
&#147;<U>Redemption Obligation</U>&#148;) such Redeemed Shares from the Trust Account (as defined below) and pay for such Redeemed Shares the amount specified in Article 9 of the Charter (the &#147;<U>Redemption Price</U>&#148;); </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, in connection with the Transactions, Subscriber desires to subscribe for and purchase from the Company, prior to the Valuation Date,
as defined in the Forward Purchase Agreement (as defined below), as Additional Shares, as defined in the Forward Purchase Agreement, that number of shares of Common Stock up to the Maximum Number of Shares as set forth in the Forward Purchase
Agreement (the &#147;<U>Subscribed Shares</U>&#148;) for a purchase price of $10.00 per share (the &#147;<U>Per Share Price</U>&#148; and the aggregate of such Per Share Price for all Subscribed Shares being referred to herein as the
&#147;<U>Purchase Price</U>&#148;), less the number of Recycled Shares, as defined in the Forward Purchase Agreement, provided, however, that Subscriber shall not be required to purchase an amount of Shares, as defined in the Forward Purchase
Agreement, such that following the issuance of Shares, its ownership would exceed 9.9% ownership of the total Shares outstanding immediately after giving effect to such issuance unless Subscriber at its sole discretion waives such 9.9% ownership
limitation, and the Company desires to issue and sell to Subscriber the Subscribed Shares in consideration of the payment of the Purchase Price by or on behalf of Subscriber to the Company, all on the terms and subject to the conditions set forth
herein; and </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">NOW, THEREFORE, in consideration of the foregoing and the mutual representations, warranties and covenants, and subject to
the conditions, herein contained, and intending to be legally bound hereby, the parties hereto hereby agree as follows: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;1.&nbsp;&nbsp;&nbsp;&nbsp;<U>Subscription</U>. Subject to the terms and conditions hereof, Subscriber hereby agrees that at the
Closing (as defined below), to irrevocably subscribe for and purchase from the Company, and the Company hereby agrees to issue and sell to Subscriber, the