Kernel Group Holdings Inc. 2 Rousseau Street San Francisco, CA 94112Kernel Group Holdings, Inc. • January 14th, 2021 • Blank checks • Delaware
This agreement (this “Agreement”) is entered into on November 19, 2020 by and between Kernel Capital Holdings, LLC, a Delaware limited liability company (the “Subscriber” or “you”), and Kernel Group Holdings, Inc., a Cayman Islands exempted company (the “Company”). Pursuant to the terms hereof, the Company hereby accepts the offer the Subscriber has made to purchase 5,750,000 Class B ordinary shares, $0.0001 par value per share (the “Shares”), up to 750,000 of which are subject to surrender and cancellation 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:
