SEC Contract Filing

Filing Date: 2021-08-26

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>9
<FILENAME>ea146322ex10-1_xosinc.htm
<DESCRIPTION>FORM OF SUBSCRIPTION AGREEMENT, BY AND BETWEEN THE NEXTGEN AND THE UNDERSIGNED SUBSCRIBER PARTY THERETO
<TEXT>
<HTML>
<HEAD>
 <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="text-align: right; margin: 0"><B>Exhibit 10.1</B></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FORM OF SUBSCRIPTION AGREEMENT</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">This SUBSCRIPTION AGREEMENT
(this &ldquo;<U>Subscription Agreement</U>&rdquo;) is entered into on February 21, 2021, by and between NextGen Acquisition Corporation,
a Cayman Islands exempted company (&ldquo;<U>NextGen</U>&rdquo;), and the undersigned subscriber (the &ldquo;<U>Investor</U>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">WHEREAS, this Subscription
Agreement is being entered into in connection with the Agreement and Plan of Merger, dated as of the date hereof (as may be amended, supplemented
or otherwise modified from time to time, the &ldquo;<U>Transaction Agreement</U>&rdquo;), by and among NextGen, Xos, Inc., a Delaware
corporation (the &ldquo;<U>Company</U>&rdquo;), Sky Merger Sub I, Inc., a Delaware corporation (&ldquo;<U>NextGen Merger Sub</U>&rdquo;),
and the other parties thereto, pursuant to which, among other things, NextGen Merger Sub will merge with and into the Company, with the
Company as the surviving company in the merger and, after giving effect to such merger, becoming a wholly owned subsidiary of NextGen,
and NextGen will change its name to &ldquo;Xos, Inc.&rdquo;, on the terms and subject to the conditions therein (the &ldquo;<U>Transaction</U>&rdquo;);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">WHEREAS, prior to the closing
of the Transaction (and as more fully described in the Transaction Agreement), NextGen will domesticate as a Delaware corporation in accordance
with Section&nbsp;388 of the General Corporation Law of the State of Delaware and Part XII of the Cayman Islands Companies Law (2020 Revision)
(the &ldquo;<U>Domestication</U>&rdquo;);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">WHEREAS, in connection with
the Transaction, NextGen is seeking commitments from interested investors to purchase, following the Domestication and prior to the closing
of the Transaction, shares of NextGen&rsquo;s Class&nbsp;A common stock, par value $0.0001 per share, as such shares will exist as common
stock following the Domestication (the &ldquo;<U>Shares</U>&rdquo;), in a private placement for a purchase price of $10.00 per share (the
&ldquo;<U>Per Share Subscription Price</U>&rdquo;);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">WHEREAS, the aggregate purchase
price to be paid by the Investor for the subscribed Shares (as set forth on the signature page hereto) is referred to herein as the &ldquo;<U>Subscription
Amount;</U>&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">WHEREAS, substantially concurrently
with the execution of this Subscription Agreement, NextGen is entering into: (a)&nbsp;separate subscription agreements with certain other
investors that may include existing directors, officers or securityholders (including, for the avoidance of doubt, holders of convertible
securities) of NextGen, NextGen Sponsor LLC, a Cayman Islands limited liability company, the Company and/or their respective affiliates
with an aggregate purchase price of $500,000 (collectively, the &ldquo;<U>Insider PIPE Investors</U>&rdquo; and, such investment, the
&ldquo;<U>Insider PIPE Investment</U>&rdquo;) substantially similar to this Subscription Agreement; and (b)&nbsp;separate subscription
agreements (collectively, the &ldquo;<U>Other Subscription Agreements</U>&rdquo;) substantially similar to this Subscription Agreement
with certain investors (other than the Insider PIPE Investors) with an aggregate purchase price of $219,500,000 (inclusive of the Subscription
Amount) (together with the Insider PIPE Investment, the &ldquo;<U>PIPE Investment</U>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">NOW, THEREFORE, in consideration
of the foregoing and the mutual representations, warranties and covenants, and subject to the conditions, set forth herein, and intending
to be legally bound hereby, each of the Investor and NextGen acknowledges and agrees as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">1. <U>Subscription</U>. Subject
to the terms and conditions hereof, the Investor hereby subscribes for and a