SEC Contract Filing

Filing Date: 2023-05-22

Document Content:
<DOCUMENT>
<TYPE>EX-10.3
<SEQUENCE>4
<FILENAME>fatprojectsacq_ex10-3.htm
<DESCRIPTION>EXHIBIT 10.3
<TEXT>
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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

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

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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">FAT PROJECTS ACQUISITION CORP</P>

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<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">[Date]</P>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">[Name]</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">[Address]</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">[email address]</P>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in"><U>RE: Securities Subscription Agreement</U></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Ladies and Gentlemen:</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">This agreement (the &ldquo;<B>Agreement</B>&rdquo;)
is entered into on [Date] by and between [Subscriber Name] (the &ldquo;<B>Subscriber</B>&rdquo; or &ldquo;<B>you</B>&rdquo;), Fat Projects
Acquisition Corp, a Cayman Islands exempted company with registration number 374480 (the &ldquo;<B>Company</B>,&rdquo; &ldquo;<B>we</B>&rdquo;
or &ldquo;<B>us</B>&rdquo;), and Fat Projects International Investments and Holdings Limited, a British Virgin Islands company limited
by shares (the &ldquo;<B>Share Escrow Agent</B>&rdquo;). Pursuant to the terms hereof, the Company hereby accepts the offer the Subscriber
has made to purchase a Promissory Note made by the Company in favor of Subscriber in the principal amount of $[&#9679;] dated as of [Date]
(the &ldquo;<B>Note</B>&rdquo;) and the Share Escrow Agent hereby agrees to transfer to the Subscriber [&#9679;] of the Company&rsquo;s
Class B ordinary shares with a par value of $0.0001 per share (the &ldquo;<B>Shares</B>&rdquo;) as an inducement to the Subscriber to
purchase the Note. The Company, the Share Escrow Agent and the Subscriber agree as follows with respect to the Note and the Shares:</P>

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<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">1. <B>Purchase of Securities</B>.</P>

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<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">1.1. <U>Purchase of Note</U>. For the sum of
$[Consideration Amount] (the &ldquo;<B>Purchase Price</B>&rdquo;), which the Company acknowledges receiving in cash, the Company hereby
issues the Note to the Subscriber, and the Subscriber hereby purchases the Note from the Company, on the terms and subject to the conditions
set forth in this Agreement.</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">1.2. <U>Transfer of Shares</U>. Concurrently
with the Subscriber&rsquo;s execution of this Agreement, the issuance of the Note by the Company to the Subscriber, the Share Escrow
Agent hereby transfers the Shares to the Subscriber. The Share Escrow Agent shall promptly issue a transfer instruction to the Company&rsquo;s
Registrar and Stock Transfer Agent, Continental Stock Transfer and Trust Company to deliver the Shares to the Subscriber in book-entry
form.</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">2. <B>Representations, Warranties
and Agreements</B>.</P>

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<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">2.1. <U>Subscriber&rsquo;s Representations, Warranties
and Agreements</U>. To induce the Company to issue the Shares to the Subscriber, the Subscriber hereby represents and warrants to the
Company and agrees with the Company as follows:</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">2.1.1. <I>No
Government Recommendation or Approval</I>. The Subscriber understands that no foreign, federal or state agency has passed upon or made
any recommendation or endorsement of the offering of the Shares.</P>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">2.1.2. <I>No
Conflicts</I>. The execution,