Form of Founder Stock Subscription Agreement
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
