Subscription Agreement between Bannix Acquisition Corp. and Bannix Management LLP for Common Stock Purchase
Bannix Management LLP agrees to purchase a specified number of common shares of Bannix Acquisition Corp. at $0.01 par value per share, paying an agreed amount to the company. The shares will be issued subject to the company's Certificate of Incorporation, and Bannix Management LLP's details will be recorded in the company's stockholder ledger. The agreement is signed by both parties and dated January 25, 2021.
Exhibit 10.5
SUBSCRIPTION AGREEMENT
TO: The Directors of Bannix Acquisition Corp. (the “Company”).
The undersigned hereby subscribes for ______ shares of common stock, par value $0.01 per share (the “Shares”) of the Company. In consideration for the issue of the Shares, the undersigned hereby agrees and undertakes to pay $________ to the Company.
The undersigned agrees to take the Shares subject to the Certificate of Incorporation, as amended, of the Company and authorizes you to enter the following name and address in the stockholder ledger of the Company:
| Name: | Bannix Management LLP | |
| Address: | Flat No. 701, Prestige Clark Ville, No.9, Clark Road, Richards Town, Bangalore - 560005, Karnataka, India. | |
Bannix Management LLP
Signed:
Name: Kiran Menon
Title: Designated Partner
Dated: January 25, 2021
Accepted:
Bannix Acquisition Corp
Signed: ___________________________
Name: Subash Menon
Title: Chief Executive Officer
Dated: January 25, 2021
