Subscription for Shares. For the sum of $25,000 (the “Purchase Price”), which the Company acknowledges receiving in cash, the Company hereby issues the Shares to the Subscriber, and the Subscriber hereby subscribes for the Shares from the Company, subject to forfeiture, on the terms and subject to the conditions set forth in this Agreement. Concurrently with the Subscriber’s execution of this Agreement, the Company shall, at its option, deliver to the Subscriber a certificate registered in the Subscriber’s name representing the Shares (the “Original Certificate”) and update its Register of Members accordingly. All references in this Agreement to shares of the Company being forfeited shall take effect as surrenders for no consideration of such shares as a matter of Cayman Islands law. The Subscriber surrenders for no consideration the one Class B ordinary share of the Company currently held by it following the incorporation of the Company.
Appears in 7 contracts
Samples: Securities Subscription Agreement (TMT Acquisition Corp.), Securities Subscription Agreement (TMT Acquisition Corp.), Securities Subscription Agreement (TenX Keane Acquisition)
Subscription for Shares. For the sum of $25,000 (the “Purchase Price”), which the Company acknowledges receiving in cash, the Company hereby issues the Shares to the Subscriber, and the Subscriber hereby subscribes for the Shares from the Company, subject to forfeiture, on the terms and subject to the conditions set forth in this Agreement. Concurrently with the Subscriber’s execution of this Agreement, the Company shall, at its option, deliver to the Subscriber a certificate registered in the Subscriber’s name representing the Shares (the “Original Certificate”) and update its Register of Members accordingly. All references in this Agreement to shares of the Company being forfeited shall take effect as surrenders for no consideration of such shares as a matter of Cayman Islands law. The Subscriber surrenders for no consideration the one Class B ordinary share of the Company currently held by it following the incorporation of the Company.
Appears in 4 contracts
Samples: Securities Subscription Agreement (Pomelo Acquisition Corporation Limited), Securities Subscription Agreement (Falcon Peak Acquisition Corp.), Securities Subscription Agreement (Alussa Energy Acquisition Corp.)
Subscription for Shares. For the sum of $25,000 (the “Purchase Price”), which the Company acknowledges receiving in cash, the Company hereby issues the Shares to the Subscriber, and the Subscriber hereby subscribes for the Shares from the Company, subject to forfeiture, on the terms and subject to the conditions set forth in this Agreement. Upon issuance of the Shares, the Subscriber hereby surrenders for no consideration the one Class B ordinary share held in its name in the register of members of the Company following the incorporation of the Company. Concurrently with the Subscriber’s execution of this Agreement, the Company shall, at its option, deliver to the Subscriber a certificate registered in the Subscriber’s name representing the Shares (the “Original Certificate”) and shall update its Register of Members accordingly. All references in this Agreement to shares of the Company being forfeited shall take effect as surrenders for no consideration of such shares as a matter of Cayman Islands law. The Subscriber surrenders for no consideration the one Class B ordinary share of the Company currently held by it following the incorporation of the Company.
Appears in 2 contracts
Samples: Securities Subscription Agreement (CHW Acquisition Corp), Securities Subscription Agreement (CHW Acquisition Corp)
Subscription for Shares. For the sum of $25,000 (the “Purchase Price”), which the Company acknowledges receiving in cash, the Company hereby issues the Shares to the Subscriber, and the Subscriber hereby subscribes for the Shares from the Company, subject to forfeiture, on the terms and subject to the conditions set forth in this Agreement. Concurrently with the Subscriber’s execution of this Agreement, the Company shall, at its option, deliver to the Subscriber a certificate registered in the Subscriber’s name representing the Shares (the “Original Certificate”) and update its Register of Members accordingly. All references in this Agreement to shares of the Company being forfeited shall take effect as surrenders for no consideration of such shares as a matter of Cayman Islands law. The Subscriber surrenders for no consideration the one 1,437,500 Class B ordinary share of the Company currently Founder Shares held by it following the incorporation of the Companyit.
Appears in 2 contracts
Samples: Securities Subscription Agreement (TenX Keane Acquisition), Securities Subscription Agreement (TMT Acquisition Corp.)
Subscription for Shares. For the sum of $25,000 (the “Purchase Price”), which the Company acknowledges receiving in cash, the Company hereby issues the Shares to the Subscriber, and the Subscriber hereby subscribes for the Shares from the Company, subject to forfeiture, on the terms and subject to the conditions set forth in this Agreement. Concurrently with the Subscriber’s execution of this Agreement, the Company shall, at its option, deliver to the Subscriber a certificate registered in the Subscriber’s name representing the Shares (the “Original Certificate”) and update its Register of Members accordingly. All references in this Agreement to shares of the Company being forfeited shall take effect as surrenders for no consideration of such shares as a matter of Cayman Islands law. The Subscriber surrenders for no consideration the one 10,000 Class B ordinary share shares of the Company currently held by it following the incorporation of the Company.
Appears in 2 contracts
Samples: Securities Subscription Agreement (LCP Acquisition Corp), Securities Subscription Agreement (Malacca Straits Acquisition Co LTD)
Subscription for Shares. For the sum of $25,000 (the “Purchase Price”), which the Company acknowledges receiving in cash, the Company hereby issues the Shares to the Subscriber, and the Subscriber hereby subscribes for the Shares from the Company, subject to forfeiture, on the terms and subject to the conditions set forth in this Agreement. Concurrently with the Subscriber’s execution of this Agreement, the Company shall, at its option, deliver to the Subscriber a certificate registered in the Subscriber’s name representing the Shares (the “Original Certificate”) and update its Register of Members accordingly. All references in this Agreement to shares of the Company being forfeited shall take effect as surrenders for no consideration of such shares as a matter of Cayman Islands law. The Subscriber surrenders for no consideration the one Class B ordinary share Share of the Company currently held by it following the incorporation of the Company.
Appears in 2 contracts
Samples: Securities Subscription Agreement (Oxbridge Acquisition Corp.), Securities Subscription Agreement (Kairos Acquisition Corp.)
Subscription for Shares. For the sum of $25,000 (the “Purchase Price”), which the Company acknowledges receiving in cash, the Company hereby issues the Shares to the Subscriber, and the Subscriber hereby subscribes for the Shares from the Company, subject to forfeiture, on the terms and subject to the conditions set forth in this Agreement. Concurrently with the Subscriber’s execution of this Agreement, the Company shall, at its option, deliver to the Subscriber a certificate registered in the Subscriber’s name representing the Shares (the “Original Certificate”) and update its Register of Members accordingly. All references in this Agreement to shares of the Company being forfeited shall take effect as surrenders and cancellations for no consideration of such shares as a matter of Cayman Islands law. The Subscriber surrenders for no consideration the one Class B ordinary share of the Company currently held by it following the incorporation of the Company.
Appears in 1 contract
Samples: Securities Subscription Agreement (Integrated Wellness Acquisition Corp)
Subscription for Shares. For the sum aggregate purchase price of $25,000 (the “Purchase Price”), which the Company acknowledges receiving in cash, the Company hereby issues the Shares to the Subscriber, and the Subscriber hereby subscribes for the Shares from the Company, subject to forfeiture, on the terms and subject to the conditions set forth in this Agreement. Concurrently with the Subscriber’s execution of this Agreement, the Company shall, at its option, deliver to the Subscriber a certificate registered in the Subscriber’s name representing the Shares (the “Original Certificate”) and update its Register of Members accordingly. All references in this Agreement to shares of the Company being forfeited shall take effect as surrenders for no consideration of such shares as a matter of Cayman Islands law. The Subscriber surrenders for no consideration the one Class B ordinary share of the Company currently held by it following the incorporation of the Company.
Appears in 1 contract
Samples: Securities Subscription Agreement (Burgundy Technology Acquisition Corp)
Subscription for Shares. For the sum of $25,000 (the “Purchase Price”), which the Company acknowledges receiving in cash, the Company hereby issues the Shares to the Subscriber, and the Subscriber hereby subscribes for the Shares from the Company, subject to forfeiture, on the terms and subject to the conditions set forth in this Agreement. Concurrently with the Subscriber’s execution of this Agreement, the Company shall, at its option, deliver to the Subscriber a certificate registered in the Subscriber’s name representing the Shares (the “Original Certificate”) and update its Register of Members accordingly. All references in this Agreement to shares of the Company being forfeited shall take effect as surrenders for no consideration of such shares as a matter of Cayman Islands law. The On the issuance of the Shares, the Subscriber hereby surrenders for no consideration the one Class B ordinary share of share, $0.0001 par value that the Company currently held by it following the incorporation of Subscriber holds in the Company.
Appears in 1 contract
Samples: Securities Subscription Agreement (African Gold Acquisition Corporation)