ITHAX Acquisition Corp. 555 Madison Avenue, Suite 11A New York, NY 10022Securities Subscription Agreement • October 23rd, 2020 • ITHAX Acquisition Corp. • Blank checks • New York
ITHAX Acquisition Corp., a Cayman Islands exempted company (the “Company”), is pleased to accept the offer ITHAX Acquisition Sponsor LLC, a Delaware limited liability company (the “Subscriber” or “you”), has made to subscribe for 5,031,250 Class B ordinary shares of the Company (the “Shares”), par value $0.001 per share (the “Class B Shares”), up to 656,250 of which are subject to complete or partial forfeiture by you if the underwriters of the Company’s initial public offering (“IPO”) of units (“Units”) do not fully exercise their over-allotment option (the “Over-allotment Option”). For the purposes of this Agreement, references to “Shares” are to, collectively, the Class B Shares and the Company’s Class A ordinary shares, $0.001 par value per share (the “Class A Shares”). Pursuant to the Company’s memorandum and articles of association, as amended to the date hereof (the “Articles”), Class B Shares will convert into Class A Shares on a one-for-one basis, subject to adjustment, upon t
