Common use of Share Subscription Clause in Contracts

Share Subscription. On the fifth Korean banking day ("Closing Date") ------------------ after Liquid Audio's receipt of confirmation of its foreign investment report from a foreign exchange bank, designated by Liquid Audio, pursuant to the Foreign Investment Promotion Act, the Holders shall have subscribed for a total of [*] Shares in LAK as follows and the paid-in capital of the Company after such subscription shall be [*] Won: * Certain information in this Exhibit has been omitted and filed separately with the Commission. Confidential treatment has been requested with respect to the omitted portions. (a) SKM and LAK represent and warrant that SKM is currently the sole shareholder in LAK with [*] Shares, at the aggregate value of [*] Won. (b) SKM shall subscribe in cash for [*] Shares, the aggregate issue price of which shall be [*] Won. (c) Liquid Audio shall subscribe in cash for [*] Shares, the aggregate issue price of which shall be [*] Won.