SEC Contract Filing

Filing Date: 2015-09-16

Document Content:
<DOCUMENT>
<TYPE>EX-10.3
<SEQUENCE>10
<FILENAME>v420360_ex10-3.htm
<DESCRIPTION>PRIVATE PLACEMENT WARRANTS PURCHASE AGREEMENT
<TEXT>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit 10.3</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>PRIVATE PLACEMENT WARRANTS PURCHASE AGREEMENT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">THIS PRIVATE PLACEMENT
WARRANTS PURCHASE AGREEMENT, dated as of September 10, 2015 (as it may from time to time be amended and including all exhibits
referenced herein, this &ldquo;Agreement&rdquo;), by and among Double Eagle Acquisition Corp., a Cayman Islands exempted company
(the &ldquo;Company&rdquo;), and each of the parties set forth on the signature page hereto under &ldquo;Purchasers&rdquo; (the
&ldquo;Purchasers&rdquo;).</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Company intends
to consummate a public offering of the Company&rsquo;s units (the &ldquo;Public Offering&rdquo;), each unit consisting of one share
of the Company&rsquo;s Class A Ordinary Shares, par value $0.0001 per share (a &ldquo;Share&rdquo;), and one warrant. Each warrant
entitles the holder to purchase one-half of one Share at an exercise price of $5.75 per half Share. The Purchasers have agreed
to purchase an aggregate of 19,500,000 warrants (the &ldquo;Private Placement Warrants&rdquo;), each Private Placement Warrant
entitling the holder to purchase one Share at an exercise price of $5.75 per half Share.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">NOW THEREFORE, in consideration
of the mutual promises contained in this Agreement and other good and valuable consideration, the receipt and sufficiency of which
are hereby acknowledged, the parties to this Agreement hereby, intending legally to be bound, agree as follows:</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><U>AGREEMENT</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Authorization,
Purchase and Sale; Terms of the Private Placement Warrants.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">A.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Authorization
of the Private Placement Warrants</U>. The Company has duly authorized the issuance and sale of the Private Placement Warrants
to the Purchasers.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">B.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Purchase
and Sale of the Private Placement Warrants</U>. On the date that is one business day prior to the date of the consummation of the
Public Offering or on such earlier time and date as may be mutually agreed by the Purchasers and the Company (the &ldquo;Closing
Date&rdquo;), the Company shall issue and sell to the Purchasers, and the Purchasers shall purchase from the Company, the Private
Placement Warrants set forth opposite such Purchaser&rsquo;s name on <U>Exhibit A</U> to this Agreement at a price of $0.50 per
warrant for an aggregate purchase price of $9,750,000 (the &ldquo;Purchase Price&rdquo;), which shall be paid by wire transfer
of immediately available funds to the Company in accordance with the Company&rsquo;s wiring instructions. On the Closing Date,
upon the payment by the Purchasers of the Purchase Price set forth opposite such Purchaser&rsquo;s name on <U>Exhibit A</U> to
this Agreement by wire transfer of immediately available funds to the Company, the Company shall deliver a certificate evidencing
the Private Placement Warrants duly registered in such Purchaser&rsquo;s name to each Purchaser.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">C.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Terms
of the Private Placement Warrants</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each
Private Placement Warrant shall have the terms set forth in a Warrant Agreemen