EX-10.7
from S-1
7 pages
1. Subscription and Purchase of Securities. 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 and Purchases the Shares From the Company, 3,261 of Which Are Subject to Forfeiture, on the Terms and Subject to the Conditions Set Forth in This Agreement. 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. Upon the Issuance of the Shares, the Subscriber Hereby Surrenders for No Consideration the Qell Acquisition Corp. Ordinary Share of the Company Held by It Following the Incorporation of the Company. 2. Representations, Warranties and Agreements. 2.1 Subscriber’s Representations, Warranties and Agreements. to Induce the Company to Issue the Shares to the Subscriber, the Subscriber Hereby Represents and Warrants to the Company and Agrees With the Company as Follows: 2.1.1 No Government Recommendation or Approval. the Subscriber Understands That No Federal or State Agency Has Passed Upon or Made Any Recommendation or Endorsement of the Offering of the Shares
12/34/56