Hydra Industries Acquisition Corp. 250 West 57th Street, 30th Floor New York, NY 10107Securities Subscription Agreement • August 19th, 2014 • Hydra Industries Acquisition Corp. • New York
We are pleased to accept the offer Hydra Industries Sponsor LLC (the “Subscriber” or “you”) has made to purchase 2,220,000 shares of common stock (the “Shares”), par value $0.0001 per share (the “Common Stock”), up to 243,750 of which are subject to complete or partial forfeiture by you if the underwriters of the initial public offering (“IPO”) of units of Hydra Industries Acquisition Corp., a Delaware corporation (the “Company”), do not fully exercise their over-allotment option (the “Over-allotment Option”). The terms (this “Agreement”) on which the Company is willing to sell the Shares to the Subscriber, and the Company and the Subscriber’s agreements regarding such Shares, are as follows:
Re: Agreement among SponsorsAgreement Among Sponsors • August 19th, 2014 • Hydra Industries Acquisition Corp. • New York
This letter (this “Letter Agreement”) is being executed and delivered in connection with the proposed underwritten initial public offering (the “Public Offering”) by Hydra Industries Acquisition Corp., a Delaware corporation (the “Company”) of units (the “Units”), each comprised of one share of the Company’s common stock, par value $0.0001 per share (the “Common Stock”), and one warrant (each, a “Warrant”). The Units shall be sold in the Public Offering pursuant to a registration statement on Form S-1 and prospectus (the “Prospectus”) filed by the Company with the U.S. Securities and Exchange Commission (the “Commission”) and the Company shall apply to have the Units listed on the NASDAQ Capital Market. Certain capitalized terms used herein are defined in paragraph 4 hereof.
