Application for Subscription of Convertible Redeemable Preference Shares by Global Technologies, Ltd. to TNCi UK Limited

Contract Categories: Business Finance › Subscription Agreements
Summary

Global Technologies, Ltd. applies to purchase 600 Convertible Redeemable Preference shares in TNCi UK Limited for the sterling equivalent of $600,000. The company authorizes TNCi UK Limited to register it as the holder of these shares, subject to the company's governing documents. Global Technologies, Ltd. agrees to pay the subscription amount immediately upon application.

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EX-2.2 3 ex22.txt APPLICATION FOR SHARES Exhibit 2.2 APPLICATION FOR SHARES To the Directors, TNCi UK Limited ("THE COMPANY") 1 We hereby apply to subscribe for 600 Convertible Redeemable Preference shares of (pound)1.00 each in the Company for cash at the sterling equivalent of US $600,000 for the 600 Convertible Redeemable Preference shares and we authorise you to enter our name in the register of members as the holder of the shares applied for subject to the memorandum and articles of association of the Company. 2 We undertake to pay the subscription moneys for the shares applied forthwith. Dated: 9 March 2001 Signed ------------------------------------ for Global Technologies, Ltd. Address: 1811 Chestnut Street, Suite 120, Philadelphia, Pennsylvania, USA, 19103