Document:

Exhibit 10.4.2

 

July 11, 2019

 

Gentlemen:

 

Tuscan Holdings Corp.
II (“Corporation”), 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 to be lead-managed by EarlyBirdCapital, Inc. (“IPO”). The
Corporation currently anticipates selling units in the IPO, each comprised of one share of common stock, par value $0.0001 per
share, of the Corporation (“Common Stock”) and one-half of one warrant (“Warrant”), each whole Warrant
to purchase one-half of one share of Common Stock.

 

The undersigned hereby
commits to purchase an aggregate of 35,362 units of the Corporation (“Initial Units”) at $10.00 per Initial Unit and
353,620 warrants of the Corporation (“Initial Warrants”), for an aggregate purchase price of $707,240 (the “Initial
Purchase Price”). Additionally, if the underwriters in the IPO exercise their over-allotment option in full or part, the
undersigned further commits to purchase up to an additional 3,700 Units (“Additional Units” and together with the Initial
Units, the “Private Units”) at $10.00 per Additional Unit and 37,008 Warrants (“Additional Warrants” and
together with the Initial Warrants, the “Private Warrants”) at $1.00 per Additional Warrant for an aggregate purchase
price of up to $74,008 (the “Over-Allotment Purchase Price” and together with the Initial Purchase Price, the “Purchase
Price”). The Private Units and Private Warrants will be identical to the units and warrants to be sold in the IPO except
as to be described in the Corporation’s registration statement filed in connection with the IPO (“Registration Statement”).
The undersigned shall pay the Initial Purchase Price and Over-Allotment Purchase Price (if any) for the Initial Units and Initial
Warrants and Additional Units and Additional Warrants (if any) by wire transfer of immediately available funds to the trust account
established by the Corporation in connection with the IPO on the date the IPO and over-allotment option are consummated, respectively.
The undersigned agrees that if the size of the IPO is increased or decreased for any reason, the amount of the undersigned’s
investment will be either increased or decreased, as applicable, so that the undersigned’s percentage of the aggregate investment
in Private Units and Private Warrants made by the undersigned and other investors of the Company remains the same.

 

The Private Units and Private Warrants (“Private
Securities”) will be identical to the units and warrants to be sold by the Corporation in the IPO, except that:

 

		●	the
undersigned agrees not to seek conversion, or seek to sell in any tender offer, in connection with any proposed Business Combination
any shares of Common Stock included in the Private Units;

 

	 	●	the Private Securities and underlying securities will not be transferable by the undersigned until the consummation of a Business Combination (subject to certain exceptions as described in the Registration Statement);

 

	 	●	the Private Securities will be subject to customary registration rights, pursuant to a registration rights agreement on terms agreed upon by the Company and the Underwriters to be filed as an exhibit to the Registration Statement;

 

	 	●	the undersigned will not participate in any liquidation distribution with respect to the Private Securities or the underlying securities if the Corporation fails to consummate a Business Combination; and

 

	 	●	the Private Securities and the underlying securities 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.

 

     

     

    

 

The undersigned acknowledges
and agrees that it 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 a registration rights agreement.

 

The undersigned hereby
represents and warrants that, as applicable:

 

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

 

		(b)	it is acquiring the Private Securities and the underlying securities for its account for investment
purposes only;

 

		(c)	it has no present intention of selling or otherwise disposing of the Private Securities or the
underlying securities in violation of the securities;

 

		(d)	it is an “accredited investor” as defined by Rule 501 of Regulation D promulgated under
the Securities Act of 1933, as amended;

 

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

 

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

 

		(g)	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

 

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

 

[signatures follow]

 

    2

     

    

 

	 	Very truly yours,
	 	 	 
	 	EARLYBIRDCAPITAL, INC.
	 	 	 
	 	By:	 /s/     Steven
    Levine                             
	 	 	Name: Steven Levine
	 	 	Title: CEO

 

	Accepted and Agreed:	 
	 	 	 
	TUSCAN HOLDINGS CORP. II	 
	 	 	 
	By:	 /s/ Stephen
    A. Vogel          	 
	 	Name: Stephen A. Vogel	 
	 	Title: Chief Executive Officer	 

 

 

 

 

 

 

[Signature Page to EBC Subscription Agreement]

 

 

3Exhibit
10.1

 

FORM
OF SUBSCRIPTION AGREEMENT

 

This
Subscription Agreement is entered into as of July 11, 2019 between [      ], an individual whose principal residence is at the address
set forth on the signature page hereto (hereinafter “Subscriber”), and C-Bond Systems, Inc., a Colorado corporation
(the “Company”) concerning an investment in the amount set forth on the signature page hereto (the “Common Stock”).
The Subscriber and the Company agree as follows:

 

1.
Subscription and Method of Payment. Subject to the terms and conditions hereof, Subscriber hereby subscribes the amount
set forth on the signature page hereto to purchase such number of shares of Common Stock of the Company as determined by dividing
the amount subscribed by a price per share of $0.04 (the “Subscription Amount”). To satisfy this subscription, the Subscriber
will tender cash or a wire transfer equal to the Subscription Amount.

 

After
the Subscription Amount is paid timely and received in full by the Company will cause a stock certificate to be issued totaling
2,000,000 shares of the Company’s common stock, par value $0.001 (the “Common Stock”).

 

2.
Representations and Warranties of the Company. The Company hereby represents and warrants to Subscriber as follows:

 

(a)
Organization. The Company is a corporation duly organized, validly existing and in good standing under the laws of the
State of Colorado and has all requisite corporate power and authority to own and lease its properties, to carry on its business
as presently conducted and as proposed to be conducted and to carry out the transactions contemplated hereby.

 

(b)
Authority. The Company has all requisite power and authority to enter into this Agreement and perform Company’s obligations
hereunder. The execution, delivery and performance by the Company of this Agreement have been duly authorized by all requisite
corporate action. This Agreement has been duly executed and delivered by the Company and is a legal, valid and binding obligation
of the Company, enforceable against the Company in accordance with its terms (except as enforceability may be limited by laws
of bankruptcy or insolvency and general equitable principles).

 

(c)
No Conflicts. The execution, delivery and performance by the Company of this Agreement, and the issuance, sale and delivery
of the shares of Common Stock being subscribed for, will not violate any law, statute, rule, regulation, order, judgment or decree
of any court, arbitrator, administrative agency or other governmental body applicable to the Company, or conflict with or result
in any breach of any of the terms, conditions or provisions of, or constitute a default under, or result in the creation of any
encumbrance upon any of the properties or assets of the Company pursuant to, the charter documents of the Company or any note,
indenture, mortgage, lease agreement or other agreement, contract or instrument to which the Company is a party or by which it
or any of its property is bound or affected.

 

    1

     

    

 

(d)
Approvals. Except for the filing of any notice as may be required under applicable securities laws, no permit, authorization,
notice, consent or approval is required in connection with the execution, delivery or performance of this Agreement by the Company.

 

3.
Representations and Warranties of Subscriber. The Subscriber represents and warrants to the Company as follows:

 

(a)
Subscriber is an “accredited investor” as such term is defined in Section 2(15) of the Securities Act of 1933, as amended
(the “Act”) and Rule 501 of Regulation D promulgated thereunder pursuant to the categories checked by the Subscriber
on the signature page hereto. Subscriber is aware of the significance to the Company of the foregoing representation, and they
are made with the intention that the Company will rely on them.

 

(b)
Subscriber has had an opportunity to ask questions of and receive answers from duly designated representatives of the Company
concerning the terms and conditions of the offering and has been afforded an opportunity to examine such documents and other information
which Subscriber has requested for the purpose of answering any questions Subscriber may have concerning the business and affairs
of the Company.

 

(c)
Subscriber is not subscribing for the Common Stock as a result of, or subsequent to, an advertisement, article, notice or other
communication published in any newspaper, magazine or similar media or broadcast over television or radio or presented at any
seminar or meeting or any other public solicitation.

 

(d)
Subscriber acknowledges and understands that the Common Stock has not been registered under the Securities Act of 1933, as amended
(the “Act”) or the securities laws of any state (“State Law”) and must be held indefinitely unless they are
subsequently registered under the Act and/or applicable State Law, or exemptions from such registration are available. Subscriber
agrees that the Common Stock will not be sold without registration under applicable securities laws (including the Act and State
Law) or exemptions there from. The Company is the only entity which may register its Common Stock under the Act and State Law.

 

(e)
Subscriber acknowledges that Subscriber has such knowledge and experience in financial business matters that it is capable of
evaluating the merits and risks of the prospective investment and to make an informed investment decision based upon the information
provided by the Company.

 

(f)
Subscriber further represents that Subscriber can bear the economic risk of loss of its entire investment; that the address set
forth herein is its principal residence (if an individual) or place of business (if an entity); that Subscriber intends to purchase
the Common Stock for Subscriber’s own account and not, in whole or in part, for the account of any other person; that Subscriber
is purchasing the Common Stock for investment and not with a view to public resale or distribution; and that Subscriber has not
formed any entity for the purpose of purchasing the Common Stock; and that this Subscription Agreement has been duly authorized
by all necessary action on the part of the Subscriber and is a legal, valid and binding obligation of the Subscriber enforceable
in accordance with its terms.

 

    2

     

    

 

(g)
Subscriber is aware that the Common Stock is and will be when issued “restricted securities” as that term is defined
in Rule 144 of the General Rules and Regulations under the Act.

 

(h)
Subscriber is fully aware of the applicable limitations on the resale of the Common Stock according to law.

 

4.
Subscription Not Revocable. The Subscriber hereby acknowledges and agrees that the Subscriber is not entitled to cancel,
terminate or revoke this Subscription Agreement or any agreements of the Subscriber herein and that this Subscription Agreement
shall survive the death, disability, dissolution, bankruptcy or insolvency of the Subscriber.

 

5.
Shares. Company agrees to cause the shares of Common Stock of the Company to be issued hereunder to be duly authorized,
validly issued, fully paid and nonassessable.

 

6.
Miscellaneous.

 

(a)
Subscriber agrees not to transfer or assign this Subscription Agreement, or any of the Subscriber’s interest herein, and further
agrees that the transfer or assignment of the Common Stock acquired pursuant hereto shall be made only in accordance with all
applicable laws.

 

(b)
This Subscription Agreement constitutes the entire agreement among the parties hereto with respect to the subject matter hereof
and may be amended only by a written execution by all parties.

 

(c)
The Subscription Agreement is being delivered and is intended to be performed in the State of Texas, and shall be construed and
enforced in accordance with, and the rights of parties shall be governed by, the law of such state. Jurisdiction and venue for
any action hereunder shall be in Harris county, Texas.

 

(d)
Any controversy or claim arising out of this Agreement, or the breach thereof, shall be settled by arbitration in accordance with
the rules of the American Arbitration Association, and judgment upon the award rendered by the arbitration may be entered in any
court having jurisdiction thereof. The arbitration agreement set forth herein shall not limit a court from granting a temporary
restraining order or preliminary injunction in order to preserve the status quo of the parties pending arbitration. Further, the
arbitrator(s) shall have power to enter such orders by way of interim award, and they shall be enforceable in court. The place
of such arbitration shall be in Harris County, Texas.

 

(e)
This Subscription Agreement shall become effective upon execution and delivery hereof by all the parties hereto; delivery of this
Subscription Agreement may be made by facsimile or electronic transmission such as portable document format (“PDF”)
or similar format to the parties.

 

    3

     

    

 

IN
WITNESS WHEREOF, the undersigned have executed this agreement as of the dates below.

 

	SUBSCRIBER:	 	Address
    for Notice:
	 	 	____________________________________
	 	 	____________________________________
	_____________________________	 	____________________________________
	Name	 	____________________________________
	 	 	 
	 	 	 
	 	 	Date:
    _______________________________
	 	 	 
	 	 	Subscription
    Amount: $80,000 for 2,000,000 shares of Common Stock of C-Bond Systems, Inc.

 

By
executing above, the Subscriber also hereby certifies that the Subscriber is an “accredited investor” as that term
is defined in Rule 501(a) of Regulation D promulgated under the Securities Act of 1933, as amended. The specific category(s) of
accredited investor applicable to the undersigned is checked below.

 

PLEASE
CHECK ONE OF THE BOXES BELOW – REQUIRED TO OBTAIN SHARES

 

	_____	a.	Any
    director or executive officer of the Company;
	_____	b.	Any
    natural person whose individual net worth, or joint net worth with that person’s spouse, at the time of his purchase exceeds
    $1,000,000; 
	_____	c.	Any
    natural person who had an individual income in excess of $200,000 in each of the two most recent years or joint income with
    that person’s spouse in excess of $300,000 in each of those years and has a reasonable expectation of reaching the same income
    level in the current year;
	_____	d.	Any
    organization described in Section 501(c)(3) of the Internal Revenue Code, corporation, Massachusetts or similar business trust,
    or partnership, not formed for the specific purpose of acquiring the securities offered, with total assets in excess of $5,000,000;
	_____	e.	Any
    trust, with total assets in excess of $5,000,000, not formed for the specific purpose of acquiring the securities offered,
    whose purchase is directed by a sophisticated person as described in Section 506(b)(2)(ii) of Reg D; or
	_____	f.	an
    entity in which all of the equity owners are “accredited investors.”
	_____	g.	Other
    (explain) __________________________________________________________

 

	ACCEPTED BY C-Bond systems, INC.	 
	 	 	 
	By:
    	       	 
	Name:	 	 
	Title:
    	 	 
	Date: 
		 

 

 

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