EX-10.7
from S-1
7 pages
1. Subscription for Shares. for the Sum of $25,000, 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 the Forfeiture Provisions of Section 3 Below, 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. the Subscriber Surrenders for No Consideration the One Share of the Company Currently 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
12/34/56