Stellar Acquisition III Inc. Maroussi 15125 Athens, GreeceStellar Acquisition III Inc. • February 12th, 2016 • Blank checks • Marshall Islands
We are pleased to accept the offer Mr. Tsirigakis and Mr. Syllanatvos (each a “Subscriber” and collectively the “Subscribers” or “you”) have made to purchase an aggregate of 2,300,000 shares of common stock (the “Shares”), $.0001 par value per share (the “Common Stock”), up to an aggregate of 300,000 of which are subject to complete or partial forfeiture by you if the underwriters of the initial public offering (“IPO”) of Stellar Acquisition III Inc., a Republic of Marshall Islands corporation (the “Company”), do not fully exercise their over-allotment option (the “Over-allotment Option”). The parties acknowledge that the Subscribers originally subscribed to purchase an aggregate of 500 shares of Common Stock in December of 2015, but as of the date of this agreement (this “Agreement”), the payment for those shares of Common Stock was not made. In addition, the parties acknowledge that the Company effectuated a forward stock split of 4,600 shares of Common Stock for each one outstanding
SPONSOR WARRANTS PURCHASE AGREEMENTSponsor Warrants Purchase Agreement • February 12th, 2016 • Stellar Acquisition III Inc. • Blank checks • Marshall Islands
THIS SPONSOR WARRANTS PURCHASE AGREEMENT, dated as of February 5, 2016 (as it may from time to time be amended and including all exhibits referenced herein, this “Agreement”), is entered into by and between Stellar Acquisition III Inc., a Republic of Marshall Islands company (the “Company”), and each of the purchasers that are signatories hereto (each, a “Purchaser” and collectively, the “Purchasers”).
