Securities Subscription Agreement between BEST SPAC I (Holdings) Corp. and BEST SPAC I Acquisition Corp.
BEST SPAC I (Holdings) Corp. agrees to purchase 1,581,250 Class B ordinary shares of BEST SPAC I Acquisition Corp. for a total of $25,000. The Subscriber must pay the full amount upon issuance of the shares. If payment is not made when required, the shares may be forfeited and cancelled. The agreement is governed by the laws of the British Virgin Islands.
Exhibit 10.5
Share Subscription Letter
| To: | BEST SPAC I Acquisition Corp. | |
| Ritter House | ||
| Wickhams Cay II | ||
| PO Box 3170 | ||
| Road Town | ||
| Tortola VG1110 | ||
| British Virgin Islands |
The undersigned (the Subscriber) hereby subscribes for and agrees to take 1,581,250 Class B ordinary shares of no par value (the Shares) in BEST SPAC I Acquisition Corp. (the Company) for a total aggregate subscription price of US$25,000.00, and undertakes to pay the amount of US$25,000.00 in full payment of the subscription price for the Shares upon its issue.
The Subscriber will take the Shares subject to and on the terms of the Memorandum and Articles of Association of the Company and recognises that failure to pay the monetary consideration of the aforesaid Shares on demand by the Company may result in said Shares being forfeited and cancelled pursuant to the provisions of the BVI Business Companies Act, 2004.
This letter shall be governed by the laws of the British Virgin Islands.
Dated 13 December 2024
For and on behalf of
BEST SPAC I (Holdings) Corp.
| By: | /s/ Chen Yun | ||
| Name: | Chen Yun | ||
| Position: | Director | ||
| BEST SPAC I (Holdings) Corp. | |||
Direction as to registration
| Full name: | BEST SPAC I (Holdings) Corp. |
| Address: | Ritter House, Wickhams Cay II, P.O. Box 3170, Road Town, Tortola VG1110, British Virgin Islands |
