Document:

Exhibit 10.16

 

SUBSCRIPTION AGREEMENT

 

IMPORTANT: PLEASE READ CAREFULLY BEFORE SIGNING

SIGNIFICANT REPRESENTATIONS ARE CALLED FOR HEREIN.

 

SensaSure Technologies Inc.

 

		Re:	SensaSure Technologies Inc. Placement of Common Stock

 

Ladies and Gentlemen:

 

The undersigned hereby tenders this subscription for the purchase of
______ shares (“Shares”), each share consisting of one share of the common stock (“Common Stock”) of Sensasure
Technologies Inc., a Nevada corporation (the “Company”). A check or other form of payment payable to “Sensasure Technologies
Inc.,” in SEK .0369 per share upon execution of this Agreement. By execution below, the undersigned acknowledges that the Company
is relying upon the accuracy and completeness of the representations contained herein in complying with its obligations under applicable
Regulation S of the Securities Act of 1933, as amended.

 

		1)	The undersigned acknowledges and represents as follows:

 

		a)	That the undersigned has received and had the opportunity to review the Company’s material information
regarding the Company and has been given full and complete access to information regarding the Company and has utilized such access to
the undersigned’s satisfaction for the purpose of obtaining such information regarding the Company as the undersigned has reasonably requested;
and, particularly, the undersigned has been given reasonable opportunity to ask questions of, and receive answers from, representatives
of the Company concerning the terms and conditions of the offering of the Shares and to obtain any additional information, to the extent
reasonably available;

 

		b)	That the undersigned recognizes that the investment in the Shares involve a high degree of risk, including,
but not limited to, the risk of economic losses from operations of the Company.

 

		c)	That the undersigned realizes that (i) the purchase of the Shares is a long-term investment; (ii) the
purchaser of the Shares must bear the economic risk of investment for an indefinite period of time because the Shares have not been registered
under the Securities Act of 1933 (“1933 Act”) or under the securities laws of any state and, therefore, the Shares cannot
be resold unless they are subsequently registered under said laws or exemptions from such registrations are available; (ii i) the Purchaser
is making the investment for the long-term and not with a view to re-sell the shares; and (iv) the transferability of the Shares is restricted
and that a legend may be placed on any certificate representing the securities substantially to the following effect:

 

    1

     

    

 

THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED
UNDER THE SECURITIES ACT OF 1933 (THE “ACT”). THE SECURITIES HAVE BEEN ACQUIRED FOR INVESTMENT AND MAY NOT BE SOLD, TRANSFERRED,
ASSIGNED OR OTHERWISE DISPOSED OF IN THE ABSENCE OF A CURRENT AND EFFECTIVE REGISTRATION STATEMENT UNDER THE ACT WITH RESPECT TO SUCH
SHARES, OR AN OPINION SATISFACTORY TO THE ISSUER AND ITS COUNSEL TO THE EFFECT THAT REGISTRATION IS NOT REQUIRED UNDER THE ACT.

 

		2)	The undersigned represents and warrants that the undersigned is not a U.S. citizen and has purchased the shares outside the continental
United States.

 

		3)	Investor Information for Entities

 

		a)	If the prospective investor is an entity (i.e. not a natural person), please describe the nature of
the entity below (e.g., partnership, corporation, trust, etc.).

 

		b)	Please check the following that applies if to an entity:

 

		☐	Such entity is a corporation, partnership, business trust or an organization that was formed outside and resides outside the continental
United States and its’ controlling officers and directors are non-U.S. citizens.

 

		4)	By signing this Subscription Agreement, the undersigned hereby confirms that the answers to the foregoing questions are true and complete.

 

	If by an individual on behalf of himself or herself:	 
	 	 
	 	 
	Signature	 
	 	 
	 	 
	Name	 
	 	 
	 	 
	Date	 

 

    2

     

    

 

	If on behalf of an entity:	 
	 	 
	 	 
	Name of Entity	 
	 	 
	By:	 	 
	 	Signature of Officer, Trustee or Partner and title	 
	 	 
	 	 	 
	 	Printed Name of Officer, Trustee or Partner and title	 
	 	 
	 	 
	Date	 

 

ACCEPTANCE

 

This Subscription Agreement is accepted as of date __________________.

 

SensaSure Technologies Inc.

A Nevada corporation

 

	By:	 	 
	Name:	 	 
	Title:	 	 

 

 

3Exhibit 4.1

 

	NUMBER	 	UNITS
	U-__________	 	 
	SEE REVERSE FOR 

CERTAIN 

DEFINITIONS	
    ENERGY CLOUD I ACQUISITION CORPORATION

    Incorporated Under the Laws of the British Virgin
    Islands 

    (Company No. 2071142)
	 

 

CUSIP G303AW 109 ________________

 

UNITS CONSISTING OF ONE ORDINARY SHARE AND ONE
WARRANT,

EACH WHOLE WARRANT ENTITLING THE HOLDER TO PURCHASE

ONE ORDINARY SHARE

 

THIS CERTIFIES THAT _________________________________________________________________
is the owner of ___________________________________________________________________________________________ Units.

 

Each Unit (“Unit”) consists of one (1)
ordinary share, no par value per share, of ENERGY CLOUD I ACQUISITION CORPORATION, a British Virgin Islands company (the “Company”),
and one (1) warrant (the “Warrants”). Each Warrant entitles the holder to purchase one ordinary share for $11.50 per share
(subject to adjustment). Each whole Warrant will become exercisable commencing on the later of (a) one year from the date of the final
prospectus relating to the Company’s initial public offering (the “Final Prospectus”) or (b) the Company’s completion
of an acquisition, share exchange, share reconstruction and amalgamation, contractual control arrangement or other similar business combination
with one or more businesses or entities (a “Business Combination”) and will expire unless exercised before 5:00 p.m., New
York City Time, five years after the completion by Company of an initial Business Combination (the “Expiration Date”), or
earlier upon redemption. The ordinary shares and Warrants comprising the Units represented by this certificate are not transferable separately
prior to the fifty-second (52nd) day after the date of the Final Prospectus, unless EF Hutton, division of Benchmark Investments,
LLC determines that an earlier date is acceptable, subject to certain conditions described in the Final Prospectus. The terms of the Warrants
are governed by a Warrant Agreement, dated as of [•], 2021, between the Company and Continental Stock Transfer & Trust Company,
(the “Warrant Agent”), and are subject to the terms and provisions contained therein, all of which terms and provisions the
holder of this certificate consents to by acceptance hereof. A copy of the Warrant Agreement is on file at the office of the Warrant Agent
at 1 State Street, 30th Floor, New York, New York 10004, and are available to any Warrant holder
on written request and without cost.

 

This certificate is not valid unless countersigned
by the Transfer Agent and Registrar of the Company.

 

This certificate shall be governed by and construed
in accordance with the internal laws of the State of New York, without regard to conflicts of laws principles thereof.

 

Witness the facsimile seal of the Company and
the facsimile signatures of its duly authorized officers.

 

	By	 	SEAL	 
	 	Authorized Signatory	2021	Transfer Agent

 

     

     

    

 

ENERGY CLOUD I ACQUISITION
CORPORATION

 

The Company will furnish without charge to each
unitholder who so requests, a statement of the powers, designations, preferences and relative, participating, optional or other special
rights of each class of shares or series thereof of the Company and the qualifications, limitations, or restrictions of such preferences
and/or rights. The following abbreviations, when used in the inscription on the face of this certificate, shall be construed as though
they were written out in full according to applicable laws or regulations:

 

	TEN COM  – as tenants in common	UNIF GIFT MIN   –– ACT	Custodian
	 	 		 	
	TEN ENT – as tenants by the entireties	 	(Cust)	 	(Minor)
	 	 	 
	JT TEN – as joint tenants with right of survivorship and not as tenants in common	under Uniform Gifts to Minors Act
	 	 		 	 
	 	 	(State)	 	 

 

Additional Abbreviations may also be used though not in the above list.

 

For value received,________________________________hereby sell,
assign and transfer unto

 

PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING
NUMBER OF ASSIGNEE

(PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING
ZI P CODE, OF ASSIGNEE)

 

 

Units represented by the within Certificate, and do hereby irrevocably
constitute and appoint

 

 

Attorney to transfer the said Units on the books of the within named
Company will full power of substitution in the premises.

 

Dated:____________________

 

	 	 
	 	Notice: The signature to this assignment must correspond with the name as written upon the face of the certificate in every particular, without alteration or enlargement or any change whatever.
	Signature(s) Guaranteed:	 

 

 

THE SIGNATURE(S) MUST BE GUARANTEED BY AN ELIGIBLE
GUARANTOR INSTITUTION (BANKS, STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS AND CREDIT UNIONS WITH MEMBERSHIP IN AN APPROVED SIGNATURE GUARANTEE
MEDALLION PROGRAM, PURSUANT TO S.E.C. RULE 17Ad-15 UNDER THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED (OR ANY SUCCESSOR RULE).

 

As more fully described, and subject to the terms
and conditions described in, the Company’s final prospectus for its initial public offering dated [●], 2021, the holder(s)
of this certificate shall be entitled to receive a pro-rata portion of certain funds held in the trust account established in connection
with the Company’s initial public offering only in the event that (i) the Company redeems the ordinary shares sold in the Company’s
initial public offering and liquidates because it does not consummate an initial business combination by the date set forth in the Company’s
Amended and Restated Memorandum and Articles of Association, as the same may be amended from time to time (such date being referred to
herein as the “Last Date”), (ii) the Company redeems the ordinary shares sold in its initial public offering properly submitted
in connection with a shareholder vote to amend the Company’s Amended and Restated Memorandum and Articles of Association to modify
the substance or timing of the Company’s obligation to redeem 100% of the ordinary shares if it does not consummate an initial business
combination by the Last Date or with respect to any other provisions relating to shareholders’ rights or pre-initial business combination
activity, or (iii) if the holder(s) seek(s) to redeem for cash his, her or its respective ordinary shares in connection with a tender
offer (or proxy solicitation, solely in the event the Company seeks shareholder approval of the proposed initial business combination)
setting forth the details of a proposed initial business combination. In no other circumstances shall the holder(s) have any right or
interest of any kind in or to the trust account.

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