SEC Contract Filing

Filing Date: 2021-01-21

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>5
<FILENAME>ea133672ex10-1_26capital.htm
<DESCRIPTION>LETTER AGREEMENT, DATED JANUARY 14, 2021, BY AND AMONG THE COMPANY, ITS OFFICERS AND DIRECTORS AND THE SPONSOR
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right"><B>Exhibit 10.1</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">January
14, 2021</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">26
Capital Acquisition Corp.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">701
Brickell Avenue, Suite 1550</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Miami,
FL 33131<BR>
<BR></FONT></P>

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 <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 48px; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Re:</FONT></TD>
 <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Initial
 Public Offering</U></FONT></TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Ladies
and Gentlemen:</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">This
letter (this &ldquo;<B><I>Letter</I></B>&nbsp;<B><I>Agreement</I></B>&rdquo;) is being delivered to you in accordance with the
Underwriting Agreement (the &ldquo;<B>Underwriting</B>&nbsp;<B><I>Agreement</I></B>&rdquo;) entered into by and between 26 Capital
Acquisition Corp., a Delaware corporation (the &ldquo;<B><I>Company</I></B>&rdquo;), and Cantor Fitzgerald &amp; Co., as representative
(the &ldquo;<B><I>Representative</I></B>&rdquo;) of the several underwriters (each, an &ldquo;<B><I>Underwriter</I></B>&rdquo;
and collectively, the &ldquo;<B><I>Underwriters</I></B>&rdquo;), relating to an underwritten initial public offering (the &ldquo;<B><I>Public</I></B>&nbsp;<B><I>Offering</I></B>&rdquo;),
27,600,000 of the Company's units (up to 3,600,000 units that may be purchased to cover over-allotments, if any) (the &ldquo;<B><I>Units</I></B>&rdquo;),
each comprised of one share of the Company&rsquo;s Class A common stock, par value $0.0001 per share (the &ldquo;<B><I>Common</I></B>&nbsp;<B><I>Stock</I></B>&rdquo;),
and one-half of one redeemable warrant. Each whole warrant (each, a &ldquo;<B><I>Warrant</I></B>&rdquo;) entitles the holder thereof
to purchase one share of Common Stock at a price of $11.50 per share, subject to adjustment. The Units will be sold in the Public
Offering pursuant to registration statements on Form S-1 (File Nos. 333-251682 and 252111) and prospectus (the &quot;Prospectus&quot;)
filed by the Company with the U.S. Securities and Exchange Commission (the &quot;Commission&quot;) and the Company has applied
to have the Units listed on The Nasdaq Capital Market. Certain capitalized terms used herein are defined in paragraph 12 hereof.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
order to induce the Company and the Underwriters to enter into the Underwriting Agreement and to proceed with the Public Offering
and for other <B><I>good</I></B> and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, each
of 26 Capital Holdings LLC (the &ldquo;<B><I>Sponsor</I></B>&rdquo;) and the undersigned individuals, each of whom is a member
of the Company&rsquo;s board of directors and/or management team of the Company (each, an &ldquo;<B><I>Insider</I></B>&rdquo;
and collectively, the &ldquo;<B><I>Insiders</I></B>&rdquo;), hereby agrees with the Company as follows:</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.
The Sponsor and each Insider agrees that if the Company seeks stockholder approval of a proposed Business Combination, then in
connection with such proposed Business Combination, it, he or she shall (i) vote any shares of Capital Stock owned by it, him
or her in favor of any proposed Business Combination and (ii) not red