Notice of Cancellation of Shares Agreement between Heartland Media Acquisition Corp. and Heartland Sponsor LLC
Heartland Media Acquisition Corp. and Heartland Sponsor LLC agree to the immediate cancellation of 1,437,500 shares of Class B common stock held by Heartland Sponsor LLC. This action ensures that the initial stockholders will own 20% of the company's outstanding common stock after its initial public offering. Both parties acknowledge and accept the terms as of October 27, 2021.
Exhibit 10.9
HEARTLAND MEDIA ACQUISITION CORP.
3282 Northside Pkwy, Suite 275
Atlanta, GA 30327
October 27, 2021
Heartland Sponsor LLC
3282 Northside Pkwy, Suite 275
Atlanta, GA 30327
| Re: | Notice of Cancellation of Shares of Common Stock |
Notice is hereby given to Heartland Sponsor LLC (the “Stockholder”), and the Stockholder hereby acknowledges and agrees that, effective immediately, Heartland Media Acquisition Corp. (the “Corporation”) will cancel 1,437,500 shares of the Corporation’s Class B common stock, par value $0.0001 (the “Common Stock”) held by the Stockholder, so as to maintain the ownership of the Corporation’s initial stockholders at 20% of the outstanding shares of Common Stock upon consummation of the Corporation’s initial public offering.
Very truly yours,
| HEARTLAND MEDIA ACQUISITION CORP. | ||
| By: | /s/ Robert S. Prather, Jr. | |
| Name: | Robert S. Prather, Jr. | |
| Title: | Chief Executive Officer |
Agreed and acknowledged as of the date first written above:
| HEARTLAND SPONSOR LLC | ||
| By: | /s/ Robert S. Prather, Jr. | |
| Name: | Robert S. Prather, Jr. | |
| Title: | Managing Member |
