Voting and Tender of Shares. The Subscriber agrees to vote the Shares in favor of an initial business combination that the Company negotiates and submits for approval to the Company’s shareholders and shall not seek redemption or repurchase with respect to any of the Shares in connection with an initial business combination or any amendment to the Company’s Memorandum and Articles of Association, as amended, prior to an initial business combination. Additionally, the Subscriber agrees not to tender any Shares in connection with a tender offer presented to the Company’s shareholders in connection with an initial business combination negotiated by the Company. The parties agree that the Insider Letter will require that the Company not enter into a definitive agreement regarding its initial business combination without the prior consent of the Subscriber.
Appears in 4 contracts
Samples: Securities Subscription Agreement (Enphys Acquisition Corp.), Securities Subscription Agreement (Seven Islands Inc), Securities Subscription Agreement (Aspirational Consumer Lifestyle Corp. II)
