KENSINGTON CAPITAL ACQUISITION CORP. Westbury, NY 11590Letter Agreement • May 8th, 2020 • Kensington Capital Acquisition Corp. • Blank checks • New York
This letter agreement (this “Agreement”) is entered into as of April 17, 2020 between Kensington Capital Sponsor LLC, a Delaware limited liability company (the “Subscriber” or “you”), and Kensington Capital Acquisition Corp., a Delaware corporation (the “Company,” “we” or “us”) and confirms the Company’s acceptance of the offer the Subscriber has made to purchase 5,031,250 shares of Class B common stock, $0.0001 par value per share (the “Shares”), up to 656,250 of which are subject to forfeiture by you if the underwriters of the initial public offering (“IPO”) of units (“Units”) of the Company, do not fully exercise their over-allotment option (the “Over-allotment Option”). The Company and the Subscriber’s agreements regarding such Shares are as follows:
