SUBSCRIPTION AGREEMENTSubscription Agreement • March 20th, 2008 • Lambert's Cove Acquisition CORP • Delaware
SUBSCRIPTION AGREEMENT (this “Agreement”) made as of this 11th day of March, 2008 for the benefit of Lambert’s Cove Acquisition Corporation, a Delaware corporation (the “Company”), having its principal place of business at 817 West Peachtree, Suite 550, Atlanta, Georgia 30308 by Lambert’s Cove Holdings, LLC (“Subscriber”).
LAMBERT’S COVE ACQUISITION CORPORATION Atlanta, GA 30308Securities Escrow Agreement • March 20th, 2008 • Lambert's Cove Acquisition CORP • New York
We are pleased to accept the offer Lambert’s Cove Holdings, LLC (the “Subscriber”) has made to purchase 2,875,000 units (the “Units”), each unit consisting of one share of common stock, $0.0001 par value per share (the “Common Stock”), and one warrant to purchase one share of Common Stock at a purchase price of $7.50 (the “Warrants”). Up to 375,000 of the Units (including the underlying shares of Common Stock and Warrants) are subject to complete or partial forfeiture (the “Forfeiture”) by you if the underwriters of the initial public offering of Lambert’s Cove Acquisition Corporation, a Delaware corporation (the “Company”), do not fully exercise their over-allotment option. The terms on which the Company is willing to sell the Units to the Subscriber, and the Company and the Subscriber’s agreements regarding such Units, are as follows:
