RE: Founder Shares Purchase AgreementLetter Agreement • February 18th, 2021 • Northern Genesis Acquisition Corp. III • Blank checks • New York
Pursuant to this letter agreement (this “Agreement”), Northern Genesis Acquisition Corp. III, a Delaware corporation (the “Company”), and Northern Genesis Sponsor III LLC, a Delaware limited liability company (the “Sponsor”) hereby confirm (a) the purchase by Sponsor from the Company, and the issuance and sale by the Company to Sponsor, on the date first set forth above, of 4,312,500 shares of common stock, $0.0001 par value (the “Common Stock”), of the Company (as further defined herein, “Founder Shares”), and (b) the other terms and conditions of such purchase as set forth in this Agreement, which terms and conditions shall be binding on Sponsor and (except as otherwise provided herein) each successive holder of such Founder Shares (each, a “Holder”) from and after the date first set forth above.
