Sports Entertainment Acquisition Corp. Golden Bear Plaza, 11760 US Highway 1, Suite W506 North Palm Beach, FL 33408Sports Entertainment Acquisition Corp. • September 14th, 2020 • Blank checks • New York
We are pleased to accept the offer Sports Entertainment Acquisition Holdings LLC (the “Subscriber” or “you”) has made to purchase 10,062,500 shares of Class B common stock (the “Shares”), $0.0001 par value per share (the “Class B Common Stock” and together with all other classes of common stock of the Company (as defined below), the “Common Stock”), up to 1,312,500 Shares of which are subject to complete or partial forfeiture by you if the underwriters of the initial public offering (“IPO”) of Sports Entertainment Acquisition Corp., a Delaware corporation (the “Company”), do not fully exercise their over-allotment option (the “Over-allotment Option”). The terms (this “Agreement”) on which the Company is willing to sell the Shares to the Subscriber, and the Company and the Subscriber’s agreements regarding such Shares, are as follows:
Sports Entertainment Acquisition Corp. Golden Bear Plaza 11760 US Highway 1, Suite W506 North Palm Beach, FL 33408Letter Agreement • September 14th, 2020 • Sports Entertainment Acquisition Corp. • Blank checks • New York
This letter agreement by and between Sports Entertainment Acquisition Corp., a Delaware corporation (the “Company”), and Sports Entertainment Acquisition Holdings LLC, a Delaware limited liability company (“Sponsor”), dated as of the date hereof, will confirm our agreement that, commencing on the date the securities of the Company are first listed on the New York Stock Exchange (the “Listing Date”) and continuing until the earlier of the consummation by the Company of an initial business combination and the Company’s liquidation (in each case as described in the Registration Statement on Form S-1 (File No. 333-[•]) filed with the Securities and Exchange Commission) (such earlier date hereinafter referred to as the “Termination Date”):
