Securities Subscription Agreement. The Sponsor has executed and delivered a securities subscription agreement, the form of which is filed as an exhibit to the Registration Statement (the “Securities Subscription Agreement”), pursuant to which the Sponsor will, among other things, on the Closing Date (and the Option Closing Date, if any), consummate the purchase of and deliver the purchase price for the Placement Units as provided for in such Subscription Agreement. Pursuant to the Securities Subscription Agreement, (i) each Sponsor has waived any and all rights and claims each may have to any proceeds, and any interest thereon, held in the Trust Account in respect of the Placement Securities, and (ii) the proceeds from the sale of the Placement Securities will be deposited by the Company in the Trust Account in accordance with the terms of the Trust Agreement on the Closing Date as provided for in the Securities Subscription Agreement.
Appears in 6 contracts
Samples: Underwriting Agreement (Aquarius II Acquisition Corp.), Underwriting Agreement (Aquarius II Acquisition Corp.), Underwriting Agreement (Aquarius II Acquisition Corp.)
