Subscription Agreement between Agrico Acquisition Corp. and DJCACC LLC dated January 22, 2021
Agrico Acquisition Corp. and DJCACC LLC entered into an agreement on January 22, 2021, in which DJCACC LLC agreed to purchase 5,000,000 Class B ordinary shares of Agrico Acquisition Corp. for $25,000. DJCACC LLC will become a shareholder and be listed in the company's records, subject to the company's governing documents. The agreement is effective upon signing by both parties.
Exhibit 10.5
SUBSCRIPTION AGREEMENT
| TO: | The Directors of Agrico Acquisition Corp. (the “Company”). |
The undersigned hereby subscribes for 5,000,000 Class B ordinary shares (the “Shares”) of the Company. In consideration of the issuance of the Shares, the undersigned hereby agrees and undertakes to pay $25,000 to the Company.
The undersigned agrees to take the Shares subject to the Memorandum and Articles of Association of the Company and authorizes you to enter the following name and address in the shareholder ledger of the Company:
| Name: | DJCACC LLC | |
| Address: | c/o 1000 N. West Street, Suite 1501 Wilmington, Delaware 19801 |
| DJCACC LLC | ||
| Signed: | /s/ Brent de Jong | |
| Name: | Brent de Jong | |
| Title: | Authorized Person | |
| Dated: | January 22, 2021 | |
| Accepted: | ||
| Agrico Acquisition Corp. | ||
| Signed: | /s/ Brent de Jong | |
| Name: | Brent de Jong | |
| Title: | Director | |
| Dated: | January 22, 2021 | |
