Share Subscription Agreement
A Share Subscription Agreement is a promise by a potential shareholder, also known as a subscriber, to make payment of funds to a Company in an agreed number of “tranches”.
A Share Subscription Agreement is a promise by a potential shareholder, also known as a subscriber, to make payment of funds to a Company in an agreed number of “tranches”, in return for the Company issuing and allotting a certain number of shares at a certain price, such that the subscriber becomes a Shareholder. A Share Subscription Agreement must include the number of shares that will be issued to the Shareholder, and the order and timing by which funds will be advanced. Sometimes it seems that a Share Subscription Agreement merely sets out the provisions of a Term Sheet in a fuller and more precise manner.
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