Securities Subscription Agreement between Mission Space Acquisition Corp. and Mission Space Sponsor, LLC (March 25, 2024)
Mission Space Sponsor, LLC agrees to purchase 2,875,000 Class B ordinary shares of Mission Space Acquisition Corp. for $25,000, a payment already received by the company. The agreement also includes the surrender and cancellation of 1 Class B ordinary share previously held by the sponsor. The shares are subject to the company's governing documents, and the sponsor's details will be entered into the company's register of members. The agreement is effective as of March 25, 2024.
Exhibit 10.5
SUBSCRIPTION AGREEMENT
TO: Mission Space Acquisition Corp. (the “Company”).
The undersigned hereby subscribes for 2,875,000 Class B ordinary shares, par value US$0.0001 each (the “Shares”), in the capital 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, such payment having already been received by the Company.
The undersigned agrees to take the Shares subject to the Memorandum and Articles of Association of the Company and authorizes you to enter the following name and address in the register of members of the Company:
| Name: | Mission Space Sponsor, LLC | |
| Address: | 8910 Astronaut Blvd., Cape Canaveral, FL 32920 |
The undersigned hereby irrevocably surrenders to the Company for cancellation and for nil consideration 1 Class B ordinary share of a par value US$0.0001 standing in our name in the register of members of the Company in accordance with section 37B of the Companies Act (As Revised) of the Cayman Islands.
| MISSION SPACE SPONSOR, LLC | ||
| Signed: | /s/ Kira A. Blackwell | |
| Name: | Kira A. Blackwell | |
| Title: | Sole Member | |
| Dated: | March 25, 2024 | |
| Accepted: | ||
| MISSION SPACE ACQUISITION CORP. | ||
| Signed: | /s/ Kira A. Blackwell | |
| Name: | Kira A. Blackwell | |
| Title: | Director | |
| Dated: | March 25, 2024 | |
