Subscription Agreement between Sparta Healthcare Acquisition Corp. and Sparta Management LLC for Common Stock Purchase
Sparta Management LLC agrees to purchase 2,875,000 shares of common stock in Sparta Healthcare Acquisition Corp. for $25,000. The agreement is subject to the company's Certificate of Incorporation, and the shares will be registered in Sparta Management LLC's name. Both parties signed the agreement on March 5, 2021.
Exhibit 10.5
SUBSCRIPTION AGREEMENT
TO: The Directors of Sparta Healthcare Acquisition Corp. (the “Company”).
The undersigned hereby subscribes for 2,875,000 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 to the Company.
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: | Sparta Management LLC |
| Address: | 2537 Research Boulevard, Suite 201 | |
| Fort Collins, CO 80526 |
Sparta Management LLC
| Signed: | /s/ Michael K. Handley | |
| Name: | Michael K. Handley | |
| Title: | Managing Member |
Dated: March 5, 2021
Accepted:
Sparta Healthcare Acquisition Corp.
| Signed: | /s/ Michael K. Handley | |
| Name: | Michael K. Handley | |
| Title: | Chairman, Chief Executive Officer and President |
Dated: March 5, 2021
