Subscription Agreement between FG SPAC Partners LP and Aldel Financial Inc. for Class B Common Stock
FG SPAC Partners LP agrees to purchase 690,000 shares of Class B common stock from Aldel Financial Inc. for $5,000. The shares will be issued subject to the company's Certificate of Incorporation and By-laws. The agreement records FG SPAC Partners LP as the shareholder and is signed by representatives of both parties on January 11, 2021.
Exhibit 10.11
SUBSCRIPTION AGREEMENT
TO: The Directors of Aldel Financial Inc. (the “Company”).
The undersigned hereby subscribes for 690,000 shares of Class B common stock (the “Shares”) of the Company. In consideration for the issue of the Shares, the undersigned hereby agrees and undertakes to pay $5,000 to the Company.
We agree to take the Shares subject to the Certificate of Incorporation and By-laws of the Company and we authorize you to enter the following name and address in the stockholders ledger of the Company:
| Name: | FG SPAC Partners LP | |
| Address: | Attn: Larry G. Swets, Jr., CEO of the Manager |
105 S. Maple Street
Itasca, IL 60143
Email: ***@***
FG SPAC PARTNERS LP
| Signed: | /s/ Larry G. Swets | |
| Name: Larry G. Swets, Jr. | ||
| Title: CEO of the Manager of FG SPAC Partners LP | ||
Dated: January 11, 2021
Accepted:
ALDEL FINANCIAL INC.
| Signed: | /s/ Hassan Raza Baqar | |
| Name: Hassan Raza Baqar | ||
| Title: Chief Financial Officer | ||
Dated: January 11, 2021
