EX-10.2 FOUNDERS' UNITS SUBSCRIPTION AGREEMENT

Contract Categories: Business Finance - Subscription Agreements
EX-10.2 8 g02502exv10w2.htm EX-10.2 FOUNDERS' UNITS SUBSCRIPTION AGREEMENT EX-10.2 FOUNDERS' UNITS SUBSCRIPTION AGREEMENT
 

Exhibit 10.2
FOUNDERS’ UNITS SUBSCRIPTION AGREEMENT
TO THE BOARD OF DIRECTORS OF
FREEDOM ACQUISITION HOLDINGS, INC.:
          Berggruen Holdings North America Ltd. hereby subscribes for FOUR MILLION SIX HUNDRED TWENTY-SEVEN THOUSAND FIVE HUNDRED (4,627,500) units (“Units”) of Freedom Acquisition Holdings, Inc., a Delaware corporation (the “Corporation”) for an aggregate purchase price of TWELVE THOUSAND THREE HUNDRED AND FORTY DOLLARS AND 01/100 ($12,340.01), the receipt and sufficiency of which is hereby acknowledged. Each Unit shall consist of (i) one (1) share of the Corporation’s common stock, par value $0.0001 per share (the “Common Stock”) and (ii) one (1) warrant to purchase one share of Common Stock of the Corporation at $6.00 per share (each, a “Warrant”). Upon receipt by the Corporation of said consideration on this date, the Corporation shall issue to the undersigned a stock and warrant certificate or certificates (or, if not certificated, provide documentation reflecting the registration in the name of the undersigned on the stock and warrant ledgers of the Corporation) representing such fully paid and non-assessable shares of Common Stock and Warrants of the Corporation. The subscription will represent forty-nine and four-tenths percent (49.4%) of the total number of outstanding shares of Common Stock and Warrants of the Corporation. Following such issuance of shares of Common Stock and Warrants of the Corporation, the capitalization of the Corporation shall be as set forth on Schedule A hereto.
[Signature Page to Follow]

 


 

                 
Dated: July 20, 2006   BERGGRUEN HOLDINGS NORTH AMERICA LTD.
 
               
 
  By:   /S/ NICOLAS BERGGRUEN        
 
               
 
  Name:   Nicolas Berggruen        
 
  Title:   President        
Accepted and Agreed on this
               
20th day of July 20, 2006:
               
         
FREEDOM ACQUISITION HOLDINGS, INC.    
 
       
By:
  /S/ NICOLAS BERGGRUEN    
Name:
 
 
Nicolas Berggruen
   
Title:
  President    

 


 

SCHEDULE A
Capitalization of Freedom Acquisition Holdings, Inc.
                                 
    Number of   Number of   Number of   Number of
Stockholder   Units   Shares   Warrants   Ownership
Berggruen Holdings North America Ltd.
    4,627,500       4,627,500       4,627,500       49.4 %
Marlin Equities II, LLC
    4,627,500       4,627,500       4,627,500       49.4 %
Herbert A. Morey
    40,000       40,000       40,000       0.4 %
William P. Lauder
    40,000       40,000       40,000       0.4 %
James N. Hauslein
    40,000       40,000       40,000       0.4 %
 
                               
Total
    9,375,000       9,375,000       9,375,000       100 %