MURPHY CANYON ACQUISITION CORP.Murphy Canyon Acquisition Corp. • December 9th, 2021 • Blank checks • New York
Company FiledDecember 9th, 2021 Industry JurisdictionThis agreement (the “Agreement”) is entered into on November 4, 2021 by and between Murphy Canyon Acquisition Sponsor, LLC, a Delaware limited liability company (the “Subscriber” or “you”), and Murphy Canyon Acquisition Corp., a Delaware corporation (the “Company,” “we” or “us”). Pursuant to the terms hereof, the Company hereby accepts the offer the Subscriber has made to purchase 4,312,500 shares of Class B common stock, $0.0001 par value per share (the “Shares”), up to 562,500 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”). The Company and the Subscriber’s agreements regarding such Shares are as follows: