Common use of Subscription for Shares Clause in Contracts

Subscription for Shares. For the sum of $25,000 (the “Purchase Price”), which the Company acknowledges receiving in cash, the Company hereby issues the Shares to the Subscriber, and the Subscriber hereby subscribes for the Shares from the Company, subject to forfeiture, on the terms and subject to the conditions set forth in this Agreement. Concurrently with the Subscriber’s execution of this Agreement, the Company shall update its Register of Members accordingly. All references in this Agreement to shares of the Company being forfeited shall take effect as surrenders for no consideration of such shares as a matter of Cayman Islands law. The Subscriber surrenders for no consideration the one ordinary share of the Company currently held by it following the incorporation of the Company.

Appears in 6 contracts

Samples: Nocturne Acquisition Corp, Haymaker Acquisition Corp. 4, Colombier Acquisition Corp. Ii

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Subscription for Shares. For the sum of $25,000 (the “Purchase Price”), which the Company acknowledges receiving in cash, the Company hereby issues the Shares to the Subscriber, and the Subscriber hereby subscribes for the Shares from the Company, subject to forfeiture, on the terms and subject to the conditions set forth in this Agreement. Concurrently with the Subscriber’s execution of this Agreement, the Company shall update its Register of Members accordingly. All references in this Agreement to shares of the Company being forfeited shall take effect as surrenders for no consideration of such shares as a matter of Cayman Islands law. The Subscriber surrenders for no consideration the one ordinary share of the Company currently held by it following the incorporation of the Company.

Appears in 2 contracts

Samples: Edoc Acquisition Corp., ITHAX Acquisition Corp.

Subscription for Shares. For the sum of $25,000 (the “Purchase Price”), which the Subscriber or an affiliate of the Subscriber shall have paid on behalf of the Company acknowledges receiving in cashto cover Company expenses, the Company hereby issues and sells the Shares to the Subscriber, and the Subscriber hereby subscribes for and purchases the Shares from the Company, subject to forfeiture, on the terms and subject to the conditions set forth in this Agreement. Concurrently with the Subscriber’s execution of this Agreement, the Company shall update its Register of Members accordingly. All references in this Agreement to shares of the Company being forfeited shall take effect as surrenders for no consideration of such shares as a matter of Cayman Islands law. The Subscriber hereby irrevocably surrenders to the Company for no cancellation and for nil consideration the one Class B ordinary share standing in its name in the register of the Company currently held by it following the incorporation members of the Company.

Appears in 2 contracts

Samples: Angel Pond Holdings Corp, Artius Acquisition Inc.

Subscription for Shares. For the sum of $25,000 (the “Purchase Price”), which the Company acknowledges receiving in cash, the Company hereby issues the Shares to the Subscriber, and the Subscriber hereby subscribes for the Shares from the Company, subject to forfeiture, on the terms and subject to the conditions set forth in this Agreement. Concurrently with the Subscriber’s execution of this Agreement, the Company shall update its Register of Members accordingly. All references in this Agreement to shares of the Company being forfeited shall take effect as surrenders for no consideration of such shares as a matter of Cayman Islands law. The Subscriber surrenders for no consideration the one Class B ordinary share of the Company currently held by it following the incorporation of the Company.

Appears in 2 contracts

Samples: Bridgetown 2 Holdings LTD, Sports Ventures Acquisition Corp.

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Subscription for Shares. For the sum of $25,000 (the “Purchase Price”), which the Subscriber or an affiliate of the Subscriber shall have paid on behalf of the Company to cover Company expenses, and to which the Company acknowledges receiving in cash, the Company hereby issues and sells the Shares to the Subscriber, and the Subscriber hereby subscribes for and purchases the Shares from the Company, 750,000 of which are subject to forfeiture, on the terms and subject to the conditions set forth in this Agreement. Concurrently with the Subscriber’s execution of this Agreement, the Company shall update its Register of Members accordingly. All references in this Agreement to shares of the Company being forfeited shall take effect as surrenders for no consideration of such shares as a matter of Cayman Islands law. The Subscriber hereby irrevocably surrenders to the Company for no cancellation and for nil consideration the one Class B ordinary share of US$0.0001 par value standing in its name in the Company currently held by it following the incorporation register of members of the Company.

Appears in 1 contract

Samples: TLGY Acquisition Corp

Subscription for Shares. For the sum of $25,000 16,500 (the “Purchase Price”), which the Subscriber or an affiliate of the Subscriber shall have paid on behalf of the Company acknowledges receiving in cashto cover Company expenses, the Company hereby issues and sells the Shares to the Subscriber, and the Subscriber hereby subscribes for and purchases the Shares from the Company, subject to forfeiture, on the terms and subject to the conditions set forth in this Agreement. Concurrently with the Subscriber’s execution of this Agreement, the Company shall update its Register of Members accordingly. All references in this Agreement to shares of the Company being forfeited shall take effect as surrenders for no consideration of such shares as a matter of Cayman Islands law. The Subscriber surrenders for no consideration the one ordinary share of the Company currently held by it following the incorporation of the Company.

Appears in 1 contract

Samples: Mars Acquisition Corp.

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