Amended and Restated Securities Subscription Agreement between CO2 Energy Transition Corp. and CO2 Energy Transition, LLC (December 28, 2022)
CO2 Energy Transition, LLC has agreed to purchase 3,066,667 shares of common stock in CO2 Energy Transition Corp. for $25,000. This revised agreement replaces previous subscription agreements and is related to the company's planned public SPAC offering. The shares will be issued in accordance with the company's Certificate of Incorporation, and CO2 Energy Transition, LLC will be recorded as a shareholder. The agreement is effective as of December 28, 2022, and is signed by authorized representatives of both parties.
Exhibit 10.5
REVISED SUBSCRIPTION AGREEMENT
TO: The Directors of CO2 Energy Transition Corp. (the “Company”).
The undersigned hereby subscribes for 3,066,667 shares of common stock, par value $0.0001 per share (the “Shares”) of the Company. In consideration for the issue of the Shares, the undersigned hereby agrees and undertakes to pay $25,000.00 to the Company. As a result of the increased number of shares to be issued to CO2 Energy Transition, LLC related to the Company’s anticipated public SPAC offering, this Revised Subscription Agreement supersedes the original Subscription Agreements dated January 13, 2022 and the Revised Subscription Agreement October 10, 2022.
The undersigned agrees to take the Shares subject to the Certificate of Incorporation of the Company and authorizes you to enter the following name and address in the stockholder ledger of the Company:
| Name: | CO2 Energy Transition, LLC | |
| Address: | 1334 Brittmoore Rd, Ste 190 |
Houston, TX 77043
| CO2 Energy Transition, LLC | ||
| Signed: | /s/ Andrew J. Martin | |
| Name: | Andrew J. Martin | |
| Title: | Manager | |
| Dated: | December 28, 2022 | |
| Accepted: | ||
| CO2 Energy Transition Corp. | ||
| Signed: | /s/ E Will Gray II | |
| Name: | E Will Gray II | |
| Title: | Chief Executive Officer | |
| Dated: | December 28, 2022 | |
