Common use of Subscription to Shares Clause in Contracts

Subscription to Shares. 2.1 The Investor hereby undertake to subscribe for [ ] new ordinary shares in the Company (the "Subscription Shares") at a subscription price of NOK [share price] per Subscription Share, totaling NOK [ ] (the "Subscription Price”) for all the Subscription Shares. 2.2 The final allocation of shares will be resolved by the board of directors and general meeting of the Company. The Company expressly reserves the right to reduce the number of Subscription Shares to be issued to the Investor without further liability. The Company will inform the Investor of the final allocation on or about [=date: one week prior to general meeting] and in any event immediately following the general meeting to be held pursuant to Section 2.3. 2.3 The Company shall procure that a general meeting is held to resolve the share capital increase and the issuance of the Subscription Shares to the Investor. The general meeting is currently scheduled to be held on or about[=date of general meeting]. In the event that the general meeting has not been held within [=date of general meeting + 1 month], this Agreement will lapse without any further obligations for the parties. 2.4 The subscription of the Subscription Shares shall be made on the date of and in the minutes of the general meeting and the Subscription Price shall be paid in NOK to such bank account number as specified by the Company.

Subscription to Shares. 2.1 The Investor hereby undertake to subscribe for [ ] new ordinary shares in the Company (the "Subscription Shares") at a subscription price of NOK [share price] per Subscription Share, totaling NOK [ ] (the "Subscription Price”) for all the Subscription Shares. 2.2 The final final allocation of shares will be resolved by the board of directors and general meeting of the Company. The Company expressly reserves the right to reduce the number of Subscription Shares to be issued to the Investor without further liability. The Company will inform the Investor of the final final allocation on or about [=date: one week prior to general meeting] and in any event immediately following the general meeting to be held pursuant to Section 2.3. 2.3 The Company shall procure that a general meeting is held to resolve the share capital increase and the issuance of the Subscription Shares to the Investor. The general meeting is currently scheduled to be held on or about[=date of general meeting]. In the event that the general meeting has not been held within [=date of general meeting + 1 month], this Agreement will lapse without any further obligations for the parties. 2.4 The subscription of the Subscription Shares shall be made on the date of and in the minutes of the general meeting and the Subscription Price shall be paid in NOK to such bank account number as specified specified by the Company.