Document:

Exhibit 10.5

 

FORM OF SUBSCRIPTION AGREEMENT 

AMONG THE REGISTRANT AND THE SPONSOR

 

Super Plus Acquisition Corporation

800 3rd Avenue, Suite 2800,

New York, NY 10022

 

Ladies and Gentlemen:

 

Super Plus Acquisition Corporation
(the “Company”), a blank check company formed for the purpose of acquiring one or more businesses or entities (a “Business
Combination”), intends to register its securities under the Securities Act of 1933, as amended (“Securities Act”),
in connection with its initial public offering (“IPO”), pursuant to a registration statement on Form S-1 (“Registration
Statement”).

 

The undersigned hereby commits
that it will purchase 346,120 units (or up to 377,620 units if the over-allotment option is exercised in full by Maxim Group LLC) of the
Company (“Private Units”), each Private Unit consisting of one share of Class A common stock of the Company, par value
$0.0001 per share (the “Class A Common Stock”), one warrant, each whole warrant entitling the holder to purchase one
share of Class A Common Stock (the “Warrants”), and one right to receive one-tenth (1/10) of one share of Class A Common
Stock (each a “Right”), at $10.00 per Private Unit, for a purchase price of $3,461,200 (or up to $3,776,200 if the
over-allotment option is exercised in full by Maxim Group LLC) (the “Private Unit Purchase Price”).

 

At least twenty-four (24)
hours prior to the effective date of the Registration Statement, the undersigned will cause the Private Unit Purchase Price to be delivered
to the Company by wire transfer as set forth in the instructions attached as Exhibit A to hold in a non-interest bearing account
until the Company consummates the IPO.

 

The consummation of the purchase
and issuance of the Private Units shall occur simultaneously with the consummation of the IPO. Simultaneously with the consummation of
the IPO, the Company shall deposit the Private Unit Purchase Price, without interest or deduction, into the trust fund (“Trust
Fund”) established by the Company for the benefit of the Company’s public shareholders as described in the Registration
Statement. If the Company does not complete the IPO within ten (10) days from the date of this letter, the Private Unit Purchase Price
(without interest or deduction) will be returned to the undersigned.

 

The Private Units will be
identical to the units to be sold by the Company in the IPO. Additionally, the undersigned agrees:

 

	 	●	to vote the shares of Common Stock included in the Private Units in favor of any proposed Business Combination;

 

	 	●	not to propose, or vote in favor of, an amendment to the Company’s Amended and Restated Certificate of Incorporation that would affect the substance or timing of the Company’s obligation to redeem 100% of the Company’s Common Stock sold in the IPO if the Company does not complete an initial Business Combination within 9 months from the closing of the IPO (or up to 18 months, as applicable), unless the Company provides the holders of shares of Class A Common Stock sold in the IPO with the opportunity to redeem their shares of Class A Common Stock upon approval of any such amendment at a per-share price, payable in cash, equal to the aggregate amount of the Trust Fund, including interest earned on Trust Fund and not previously released to the Company to pay the Company’s franchise and income taxes, divided by the number of then outstanding shares of Class A Common Stock sold in the IPO;

 

     

     

    

 

	 	●	not to convert any shares of Class A Common Stock included in the Private Units into the right to receive cash from the Trust Fund in connection with a shareholder vote to approve either a Business Combination or an amendment to the provisions of the Company’s Amended and Restated Certificate of Incorporation, and not to tender the Private Units in connection with a tender offer conducted prior to the closing of a Business Combination;

 

	 	●	the undersigned will not participate in any liquidation distribution with respect to the Private Units (but will participate in liquidation distributions with respect to any units or Common Stock purchased by the undersigned in the IPO or in the open market) if the Company fails to consummate a Business Combination;

 

	 	●	the Private Units will include any additional terms or restrictions as is customary in other similarly structured blank check company offerings or as may be reasonably required by the underwriters in the IPO in order to consummate the IPO, each of which will be set forth in the Registration Statement.

 

Further, the undersigned agrees
that its Private Units, and any underlying securities are not transferable or salable until the completion of the Company’s initial
Business Combination, except in each case (a) to the Company’s officers or directors, any affiliates or family members of any of
the Company’s officers or directors, any affiliate of the undersigned, any members of the undersigned, or any of their affiliates,
officers, directors, direct and indirect equity holders, (b) in the case of an individual, by gift to a member of the individual’s
immediate family, to a trust, the beneficiary of which is a member of the individual’s immediate family or an affiliate of such
person, or to a charitable organization; (c) in the case of an individual, by virtue of laws of descent and distribution upon death of
the individual; (d) in the case of an individual, pursuant to a qualified domestic relations order; (e) by private sales or transfers
made in connection with the consummation of a Business Combination at prices no greater than the price at which the securities were originally
purchased; (f) in the event of the Company’s liquidation prior to the completion of the Company’s initial Business Combination;
or (g) by virtue of the laws of Delaware or the undersigned’s limited liability company agreement upon dissolution of the undersigned,
provided, however, that in the case of clauses (a) through (e), or (g) these permitted transferees must enter into a written agreement
agreeing to be bound by these transfer restrictions.

 

The undersigned acknowledges
and agrees that the purchaser of the Private Units will execute agreements in form and substance typical for transactions of this nature
necessary to effectuate the foregoing agreements and obligations prior to the consummation of the IPO as are reasonably acceptable to
the undersigned, including but not limited to an insider letter.

 

The undersigned hereby represents
and warrants that:

 

	 	(a)	it has been advised that the Private Units have not been registered under the Securities Act;

 

	 	(b)	it will be acquiring the Private Units for its account for investment purposes only;

 

	 	(c)	it has no present intention of selling or otherwise disposing of the Private Units in violation of the securities laws of the United States;

 

	 	(d)	it has had both the opportunity to ask questions and receive answers from the officers and directors of the Company and all persons acting on its behalf concerning the terms and conditions of the offer made hereunder;

 

	 	(e)	it is familiar with the proposed business, management, financial condition and affairs of the Company;

 

	 	(f)	it has full power, authority and legal capacity to execute and deliver this letter and any documents contemplated herein or needed to consummate the transactions contemplated in this letter; and

 

	 	(g)	this letter constitutes its legal, valid and binding obligation, and is enforceable against it.

 

This letter agreement constitutes
the entire agreement between the undersigned and the Company with respect to the purchase of the Private Units, and supersedes all prior
and contemporaneous understandings, agreements, representations and warranties, both written and oral, with respect to the same.

 

    2

     

    

 

	 	Very truly yours,
	 	 
	 	Super Plus Management LLC

 

	 	By:	 
	 	Name: 	Wei He
	 	Title:  	Manager

 

Accepted and Agreed:

 

Super Plus Acquisition Corporation

 

	By:	 	 
	 	Name: 	Long Yi	 
	 	Title:  	Chief Executive Officer	 

 

    3

     

    

 

Exhibit A

 

Wire Instructions

 

Bank Name:

Bank Address:

Account Name:

Account Number:

Routing/ABA Number (Domestic Wires):

Swift Code (Foreign Wire):

Note:

 

 

4Exhibit 10.10

 

SECURITIES TRANSFER AGREEMENT

 

This Securities Transfer Agreement
is dated as of [●], 2022 (this “Transfer”), by and among Super Plus Management LLC, a Delaware company (the “Seller”),
Super Plus Acquisition Corporation, a Delaware corporation (the “Company”), and the parties identified on the signature
page hereto (each a “Buyer” and collectively, the “Buyers”).

 

WHEREAS, on the terms and
subject to the conditions set forth in this Transfer, the Seller wishes to transfer to the Buyers shares of Class A common stock, $0.0001
par value (“Class A Common Stock”) of Company, a blank check company, or special purpose acquisition company, formed
for the purpose of effecting a merger, stock exchange, asset acquisition, stock purchase, recapitalization, reorganization or similar
business combination with one or more businesses or entities (a “Business Combination”), and the Buyers wish to purchase
and receive such Initial Shares (as defined below) from the Seller.

 

NOW, THEREFORE, in consideration
of the premises, representations, warranties and the mutual covenants contained in this Transfer, and for other good and valuable consideration,
the receipt, sufficiency and adequacy of which are hereby acknowledged, the parties hereto, intending to be legally bound, hereby agree
as follows:

 

Section 1. Transfer
of Initial Shares. Seller hereby transfers the aggregated amount of 350,000 Class A Common Stock to the Buyers (collectively, the
“Initial Shares”) as listed on the Schedule I attached hereto. The Buyers have paid to the Seller an aggregate
amount of $5,072.46, (the “Purchase Price”), in consideration of the transfer of the Initial Shares.

 

Section 2. Potential
Forfeiture and Purchase of Initial Shares.

 

(a) In the event that the
Company determines for any reason not to nominate, elect or appoint any Buyer as a member of the board of directors of the Company, or
if any Buyer otherwise does not become a member of the board of directors of the Company for any reason, on or prior to the closing of
the Public Offering (as defined below), such Buyer shall automatically forfeit all of the Initial Shares held by such Buyer, which Initial
Shares shall automatically be transferred and returned to the Seller, and the Seller shall promptly return the applicable portion of the
Purchase Price to such Buyer.

 

(b) The applicable Buyer shall
take all actions as may be reasonably necessary to consummate any forfeiture or sale contemplated by this Section 2, including entering
into agreements and delivering certificates and instruments and consents as may be deemed by Seller to be necessary or appropriate, and
the applicable Buyer hereby grants to Seller and any representative designated by Seller without further action by such Buyer a limited
irrevocable power of attorney to effect any forfeiture or transfer contemplated hereby on behalf of such Buyer, which power of attorney
shall be deemed to be coupled with an interest.

 

Section 3. No Conflicts.
Each party represents and warrants that neither the execution and delivery of this Transfer by such party, nor the consummation or performance
by such party of any of the transactions contemplated hereby, will with or without notice or lapse of time, constitute, create or result
in a breach or violation of, default under, loss of benefit or right under or acceleration of performance of any obligation required under
any agreement to which it is a party.

 

     

     

    

 

Section 4. Investment
Representations. Each Buyer represents and warrants, with respect to himself or herself only, as set forth herein. Such Buyer hereby
acknowledges that an investment in the Initial Shares involves certain significant risks. Such Buyer has no need for liquidity in its
investment in the Initial Shares for the foreseeable future and is able to bear the risk of that investment for an indefinite period.
Such Buyer acknowledges and hereby agrees that the Initial Shares will not be transferable under any circumstances unless registered by
the Company in accordance with federal and state securities laws or sold in compliance with an exemption under such laws and such transfer
complies with all applicable lock-up restrictions on such Buyer (as described in the Company’s draft registration statement on Form S-1,
as may be amended (the “Registration Statement”), under the Securities Act of 1933, as amended (the “Act”),
relating to a contemplated underwritten public offering by the Company (the “Public Offering”)). Such Buyer further
understands and agrees that Buyer will be required to execute and deliver (a) a letter agreement including, among other provisions,
the foregoing transfer restrictions, and (b) a stock escrow agreement with respect to such shares, in each case as described in the
Registration Statement, and that any certificates evidencing the Initial Shares bear a legend referring to such transfer restrictions.

 

The Initial Shares are being
acquired solely for such Buyer’s own account, for investment purposes only, and are not being purchased with a view to or for the
resale, distribution, subdivision or fractionalization thereof; and such Buyer has no present plans to enter into any contract, undertaking,
agreement or arrangement for such resale, distribution, subdivision or fractionalization. Such Buyer has been given the opportunity to
(i) ask questions of and receive answers from the Seller and the Company concerning the terms and conditions of the Initial Shares,
and the business and financial condition of the Company and (ii) obtain any additional information that the Seller possess or can
acquire without unreasonable effort or expense that is necessary to assist such Buyer in evaluating the advisability of the purchase of
the Initial Shares and an investment in the Company. Such Buyer is not relying on any oral representation made by any person as to the
Company or its operations, financial condition or prospects. Such Buyer is an “accredited investor” as defined in Regulation
D promulgated by the Securities and Exchange Commission under the Act. In the event such Buyer does not join the Board of Directors of
the Company upon the consummation of the Public Offering (whether and either at the election of the Company or such Buyer for any reason),
then the Buyer shall promptly return the Initial Shares to the Company.

 

Section 5.  Miscellaneous.
This Transfer, together with the certificates, documents, instruments and writings that are delivered pursuant hereto, constitutes the
entire agreement and understanding of the parties hereto in respect of its subject matter. This Transfer may be executed in two or more
counterparts, each of which will be deemed an original but all of which together will constitute one and the same instrument. This Transfer
may not be amended, modified or waived as to any particular provision, except by a written instrument executed by all parties hereto.
Except as otherwise provided herein, no party hereto may assign either this Transfer or any of its rights, interests, or obligations hereunder
without the prior written approval of the other party.

 

[SIGNATURE PAGE FOLLOWS]

 

    2

     

    

  

IN WITNESS WHEREOF, the undersigned have executed
this Transfer to be effective as of the date first set forth above.

 

	 	SELLER:
	 	 
	 	Super Plus Management LLC
	 	 	 
	 	By:	 
	 	Name:  	Wei He
	 	Title: 	Manager
	 	 
	 	BUYERS:

 

	 	 
	 	Name: Long Yi

 

	 	 
	 	Name: Jing (Kan) Lu

 

	 	 
	 	Name: John Levy

 

	 	 
	 	Name: Qinbai Zhou

 

	 	 
	 	Name: Boling Liu

 

	 	 
	 	Name: Wenyuan (Brian) Zhang

 

	 	COMPANY:
	 	 
	 	Super Plus Acquisition Corporation
	 	 	 
	 	By:	 
	 	Name:  	Long Yi
	 	Title:  	Chief Executive officer

 

[Signature Page to Securities Transfer
Agreement]

 

    3

     

    

 

Schedule I

 

	Name of Transferee	 	Number of

 Class A

 Common

 Stock

 transferred

 from Super

 Plus

 Management

 LLC	 	 	Purchase

 Price to

 Super Plus

 Management

 LLC	 
	Long Yi	 	 	170,000	 	 	$	2,463.77	 
	Jing (Kan) Lu	 	 	140,000	 	 	$	2,028.99	 
	John Levy	 	 	10,000	 	 	 	144.93	 
	Qinbai Zhou	 	 	10,000	 	 	 	144.93	 
	Boling Liu	 	 	10,000	 	 	 	144.93	 
	Wenyuan (Brian) Zhang	 	 	10,000	 	 	 	144.93	 
	 	 	 	Total: 350,000
	 	 	$	Total: 4,072.46
	 

 

 

4

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00348-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00348-of-00352.parquet"}]]