Subscription Agreement between Aldel Financial II Inc. and Aldel Investors II LLC for Class B Ordinary Shares
Aldel Investors II LLC agrees to purchase 410,714 Class B ordinary shares of Aldel Financial II Inc. for $1,666.67. The payment will be made by deducting the amount from a promissory note dated July 19, 2024, between the two parties. The shares will be issued subject to the company's amended and restated memorandum and articles, and Aldel Investors II LLC will be recorded as a shareholder. The agreement is signed by authorized representatives of both parties and dated September 25, 2024.
Exhibit 10.11
SUBSCRIPTION AGREEMENT
TO: The Directors of Aldel Financial II Inc. (the “Company”).
The undersigned hereby subscribes for 410,714 Class B ordinary shares (the “Shares”) of the Company. In consideration for the issue of the Shares, the undersigned hereby agrees and undertakes to pay $1,666.67 to the Company. The Company will deduct the purchase price against the promissory note between Company and Aldel Investors II LLC dated July 19, 2024.
We agree to take the Shares subject to the amended and restated memorandum and articles of the Company and we authorize you to enter the following name and address in the shareholders ledger of the Company:
| Name: | Aldel Investors II LLC | |
| Address: | Attn: Robert I. Kauffman, Manager | |
| 104 S Walnut St. Unit 1A | ||
| Itasca, IL 60143 | ||
| Email: ***@*** |
| ALDEL INVESTORS II LLC | ||
| Signed: | /s/ Robert I. Kauffman | |
| Name: | Robert I. Kauffman | |
| Title: | Manager | |
| Dated: | September 25, 2024 | |
| Accepted: | ||
| ALDEL FINANCIAL II INC. | ||
| Signed: | /s/ Hassan Raza Baqar | |
| Name: | Hassan Raza Baqar | |
| Title: | Chief Financial Officer | |
| Dated: | September 25, 2024 | |
