UNIT SUBSCRIPTION AGREEMENT
This UNIT SUBSCRIPTION AGREEMENT (this Agreement) is made as of [ ] of [ ], 2021, by and between Hash Space Acquisition Corp, a Cayman Islands exempted company (the Company), having its principal place of business Room 06, 13A/F., South Tower, World Finance Centre, Harbour City, 17 Canton Road, Tsim Sha Tsui, Kowloon, Hong Kong, and Fucheng Technology Group Limited, a Hong Kong limited liability company (the Purchaser).
WHEREAS, the Company desires to sell on a private placement basis (the Offering) an aggregate of 270,000 units (the Initial Units) of the Company, each Initial Unit comprised of one ordinary share of the Company, par value $0.0001 per share (the Ordinary Shares) and one right (the Right) to be governed by the Rights Agreement (defined herein), for a purchase price of $2,700,000, or $10.00 per Initial Unit, and up to 21,000 units (Additional Units and together with the Initial Units, the Units), each Additional Unit comprised of one Ordinary Share and one Right, for a purchase price of $210,000, or $10.00 per Additional Unit. Each Right entitles the holder thereof to receive one-tenth (1/10) of one Ordinary Share (the Right Shares) upon the consummation of an initial business combination.
WHEREAS, the Purchaser desires to purchase the Initial Units and the Company wishes to accept such subscription.
NOW, THEREFORE, in consideration of the promises and the mutual covenants hereinafter set forth and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Company and the Purchaser hereby agree as follows:
1. Agreement to Subscribe
1.1. Purchase and Issuance of the Initial Units. For the aggregate sum of $2,700,000 (the Initial Purchase Price), upon the terms and subject to the conditions of this Agreement, the Purchaser hereby agrees to purchase from the Company, and the Company hereby agrees to sell to the Purchaser, on the Closing Date (as defined in Section 1.2) 270,000 Initial Units at $10.00 per Initial Unit.
In addition to the foregoing, the Purchaser hereby agrees to purchase up to an additional 21,000 Additional Units at $10.00 per Additional Unit for a purchase price of $210,000 (the Additional Purchase Price and together with the Initial Purchase Price, the Purchase Price). The purchase and issuance of the Additional Units shall occur only in the event that the underwriters 45-day over-allotment option (Over-Allotment Option) in the Offering is exercised in full or part. The total number of Additional Units to be purchased hereunder shall be in the same proportion as the amount of the Over-Allotment Option that is exercised. Each purchase of Additional Units shall occur simultaneously with the consummation of any portion of the Over-Allotment Option.
1.2. Closing. The closing (the Closing) of the Offering shall take place at the offices of Ellenoff Grossman & Schole LLP, 1345 Avenue of the Americas, New York, New York, 10105 simultaneously with the consummation of the Companys initial public offering (IPO) of 4,000,000 Units and the consummation of the exercise of all or any portion of the Over-Allotment Option (each a Closing Date).
1.3. Delivery of the Purchase Price. At least one business day prior to the effective date of the Companys registration statement relating to the IPO (Registration Statement), or the date of the exercise of the Over-Allotment Option, if any, the Purchaser agrees to deliver the Initial Purchase Price or Additional Purchase Price, as the case may be, by certified bank check or wire transfer of immediately available funds denominated in United States Dollars to Continental Stock Transfer & Trust Company, a New York corporation (CST), which is hereby irrevocably authorized to deposit such funds on the applicable Closing Date to the trust account which will be established for the benefit of the Companys public shareholders, managed pursuant to that certain Investment Management Trust Agreement to be entered into by and between the Company and CST and into which substantially all of the proceeds of the IPO will be deposited (the Trust Account). If the IPO is not consummated within 14 days of the date the Initial Purchase Price is delivered to CST, the Initial Purchase Price shall be returned to the Purchaser by certified bank check or wire transfer of immediately available funds denominated in United States Dollars, without interest or deduction.