New Frontier Corporation 23rd Floor, 299QRC Hong KongSecurities Subscription Agreement • June 4th, 2018 • New Frontier Corp • Blank checks • Hong Kong
This agreement (the “Agreement”) is entered into on April 19, 2018 by and between New Frontier Public Holding Ltd., a Cayman Islands exempted company (the “Subscriber” or “you”), and New Frontier Corporation, a Cayman Islands exempted company (the “Company”, “we” or “us”). Pursuant to the terms hereof, the Company hereby accepts the offer the Subscriber has made to purchase 10,750,000 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”) and up to 5,000,000 of which are subject to forfeiture by you if the total forward purchase of securities (the “Forward Purchase”) by our anchor investors is less than $200,000,000. The Company and the Subscriber’s agreements regarding such Shares are as follows:
