Subscription agreement—short form
Subscription agreement—short form

The following Corporate guidance note provides comprehensive and up to date legal information covering:

  • Subscription agreement—short form
  • Parties
  • BACKGROUND:
  • Schedule 1
  • The Company
  • Schedule 2
  • The Existing Shareholders

DRAFTING FOR BREXIT: For the latest information on the impact of Brexit on the drafting, negotiation and enforceability of this Precedent, see Practice Note: Brexit—drafting boilerplate clauses.

This Agreement is made on [insert date]

Parties

  1. 1

    [Insert name of company in which the shares are to be held] incorporated in England and Wales under number [insert company number] whose registered office is at [insert address], brief particulars of which are set out in Schedule 1 (Company),

  1. 2

    The several persons whose names and addresses are set out in Schedule 2 (together the Existing Shareholders), and

  1. 3

    [Insert name of subscriber] [incorporated in England and Wales under number [insert company number]] [whose registered office is at OR of] [insert address] (Subscriber)

  2. (each being a Party and together the Parties).

BACKGROUND:

The Subscriber has agreed to subscribe for Shares subject to and in accordance with the terms and conditions of this Agreement.

The parties agree:

  1. 1

    Definitions and interpretation

    1. 1.1

      In this Agreement, unless the context otherwise requires the following expressions shall have the following meanings:

    2. Business Day

      1. means a day, other than a Saturday, Sunday or public holiday, on which clearing banks are