Subscription Agreement between Wave Sync Corp. and Archax Holdings Ltd. dated August 29, 2022
Wave Sync Corp. agrees to invest $100,000 in Archax Holdings Ltd. as part of a Series A fundraising round. In exchange, Wave Sync Corp. will receive 33,624 ordinary shares in Archax Holdings Ltd. The payment must be made within 20 days of the agreement date. The agreement is governed by the laws of England and Wales, and both parties have executed the deed with authorized signatories and witnesses.
Exhibit 10.1
Archax – Subscription Agreement
Subscription Agreement
THIS DEED is made on 29-8-2022 | 13:47 PDT
BY Wave Sync Corp.
(the “Subscriber”)
| 1 | INTRODUCTION |
As part of a series A fundraising round, the Subscriber has agreed to invest funds into the Company in return for a certain number of ordinary shares of £0.000001 each (the Shares) in the capital of the Company.
| 2 | SUBSCRIPTION |
| 2.1 | The Subscriber hereby applies for the allotment to it of 33,624 of Shares (the Subscription Shares) in the capital of the Company (the Subscription). |
| 2.2 | As consideration for the allotment and issue of the Subscription Shares to the Subscriber, the Subscriber will remit to the Company’s account by electronic transfer in cleared funds the aggregate sum of USD$100,000 (the Investment), such payment to be made no later than 20 days following the date of this deed. |
| 2.3 | The Subscriber requests and authorise the directors of the Company to enter its name into the Company’s register of members as holder of the Subscription Shares and to send the Subscriber a share certificate in respect of the Subscription Shares issued pursuant to this application. |
| 2.4 | The Subscriber hereby confirms that it has not relied on any representations or warranties, written or oral, made at any time by the Company or any of its officers, directors, agents, employees or advisers or any other person in connection with this Subscription or the Company. |
| 2.5 | This deed shall be governed by and construed in accordance with the laws of England and Wales. |
Archax – Subscription Agreement
This deed has been executed and delivered as a deed on the date shown on the first page.
| EXECUTED as a | ) | /s/ Jiang Hui | ||
| DEED by | ) | Jiang Hui | ||
| Wave Sync Corp. | ) | Authorised Signatory: | ||
| acting by an authorised | ||||
| signatory in the presence of: | ||||
| Witness: | Signature: | /s/ Xiaoyue Zhang |
| Name: | Xiaoyue Zhang | |
| Address: | 19 W 44th ST Suite 1001 New York NY 10036 | |
| Occupation: | Vice President |
| EXECUTED as a | ) | ||
| DEED by ARCHAX HOLDINGS LTD | /s/ Andrew Flatt | ||
| acting by a director in the presence of: | ) | Andrew Flatt | |
| ) |
| Witness: | Signature: | /s/ Simon Barnby | |
| Name: | Simon Barnby | ||
| Address: | 27 Hatton Wall, London | ||
| Occupation: | CMO |
