Avanea Energy Acquisition Corp.Securities Subscription Agreement • March 23rd, 2021 • Avanea Energy Acquisition Corp. • New York
This agreement (this “Agreement”) is entered into on March 4, 2021 by and between AVEA Acquisition Sponsor LLC, a Cayman Islands limited liability company (the “Subscriber” or “you”), and Avanea Energy Acquisition Corp., a Cayman Islands exempted company (the “Company”). Pursuant to the terms hereof, the Company hereby accepts the offer the Subscriber has made to subscribe for and purchase 5,750,000 Class B ordinary shares, $0.0001 par value per share (the “Shares”), up to 750,000 of which are subject to forfeiture by you if the underwriters of the initial public offering (“IPO”) of units (“Units”) of the Company do not fully exercise their over-allotment option (the “Over-allotment Option”). The Company and the Subscriber’s agreements regarding such Shares are as follows:
