SECURITIES PURCHASE AGREEMENTSecurities Purchase Agreement • August 12th, 2024 • ECD Automotive Design, Inc. • Motor vehicles & passenger car bodies • Delaware
This SECURITIES PURCHASE AGREEMENT (the “Agreement”), dated as of August 9, 2024, is by and among ECD Automotive Design, Inc. (f/k/a EF Hutton Acquisition Corporation I), a Delaware corporation with offices located at 4390 Industrial Lane, Kissimmee, FL 34758 (the “Company”), and each of the investors listed on the Schedule of Buyers attached hereto (individually, a “Buyer” and collectively, the “Buyers”).
FORM OF COMMON STOCK PURCHASE WARRANT ECD AUTOMOTIVE DESIGN, INC.Warrant Agreement • August 12th, 2024 • ECD Automotive Design, Inc. • Motor vehicles & passenger car bodies • New York
THIS COMMON STOCK PURCHASE WARRANT (the “Warrant”) certifies that, for value received, Theodore Duncan or his assigns (the “Holder”) is entitled, upon the terms and subject to the limitations on exercise and the conditions hereinafter set forth, at any time on or after the Issue Date and on or prior to 5:00 p.m. (New York City time) on August 8, 2026 (the “Termination Date”) but not thereafter, to subscribe for and purchase from ECD Automotive Design, Inc., a Delaware corporation (the “Company”), up to 100,000 shares of Common Stock (as subject to adjustment hereunder, the “Warrant Shares”). The purchase price of one share of Common Stock under this Warrant shall be equal to the Exercise Price, as defined in Section 2(b).
SUBSCRIPTION AGREEMENTSubscription Agreement • August 12th, 2024 • ECD Automotive Design, Inc. • Motor vehicles & passenger car bodies
The undersigned (the “Investor”) has agreed to purchase 1,000,000 shares (the “Shares”) of common stock, par value $0.0001 per share (the “Common Stock”) and warrants (the “Warrants”) to purchase 100,000 shares of Common Stock at a price of $0.01 per share (the “Warrant Shares” and, together with the Closing Securities ( as defined below), the “Securities”), of ECD Automotive Design, Inc., a Delaware corporation (“ECD”) for an aggregate purchase price of $1,000,000. By executing this agreement (this “Subscription Agreement”), the Investor is agreeing to purchase an aggregate amount of 1,000,000 Shares and 100,000 Warrants (collectively the “Closing Securities”) for an aggregate subscription price of US$1,000,000 (the “Subscription Amount”).
