3.4 Irrevocable Subscription: The subscription is irrevocable to the subscriber, unless it is provided for by the applicable federal and regional securities laws. The assurances and guarantees provided are true and correct at the time of this period and must be true and correct from the date of payment of the Subscriber to the Company until the acceptance of the subscription of the Subscriber. If the insurance and guarantees provided by the subscriber are not true or correct before the Company accepts this subscription contract, the Subscriber will immediately notify the Company in writing. This agreement applies in the event that a company wishes to issue shares to a new investor. It defines the investment mechanisms and guarantees to be provided by the company. It is a simple subscription contract that is intended to be used when a company accepts the capital of friends and investors in family seeds. It provides for investments in common shares in an unconditional tranche. PandaTip: This is a subscription contract to a limited liability company or “LLC” in the United States. It contains provisions similar to those you can find in a subscription contract for a company`s shareholders, but there are some important differences. 3.1 Refusal: The company may choose not to accept the subscriber`s subscription at any time before closing. If the company does not accept all or part of the subscription, the company will refund all of the money to the subscriber in connection with the refusal. Both parties to this agreement intend that this subscription be made in accordance with the exceptions corresponding to prospectuses, registration and/or similar requirements of notices, rules, orders, laws and directives of all legal systems applicable to the agreement.
The subscriber wishes to subscribe [NUMBER] of shares (hereafter referred to as “shares”) of the company`s stock at the reference price of [DOLLAR AMOUNT] per share. The company wishes to issue the subscriber a member interest in the form of [NUMBER] of shares. PandaTip: A subscription contract is what you use to get investor payments in exchange for your company`s equity. It was preceded by a private offer memorandum containing the document containing specific details on the amount of equity you offer and the price tag of that equity, in addition to business information, a list of risks and a series of liability exclusions. A subscription contract refers to the private offer memorandum and ensures that the investor has read, understands and recognizes everything. Download the subscription contract template If you are a private investor in a business, you are designated as a subscriber. A subscription contract is a promise of the company to sell a number of shares to an investor at a specified price and an agreement from the investor to pay that price. If you own a company and have promised to sell a certain amount of shares to an investor at a certain price, you should nail the details with a subscription contract. The assurances and guarantees provided in this Agreement are accurate and true at the time of this Contract and will continue to be correct and true from the date of payment of the Subscriber to the Company, after acceptance of the subscription of the Subscriber by the Company. What is a subscription contract? A subscription contract is a contract between a service provider and a subscriber that defines the exact details of the subscription, for example. B the duration of the subscription, the associated fees and the termination procedure.