SEC Filing Document

Company: Freedom Metals Acquisition Corp.
Ticker: 
CIK: 2129659
Filing Type: S-1
Document Type: EX-10.8
Date Filed: 2026-05-15
Accession Number: 0001213900-26-057976
Exchange: 
SIC Code: 
SIC Description: 
URL: https://www.sec.gov/Archives/edgar/data/2129659/000121390026057976/ea028864801ex10-8.htm

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Exhibit 10.8

FREEDOM METALS ACQUISITION CORP.

190 Elgin Avenue

George Town, Grand Cayman KY1-9008

Cayman Islands

March 23, 2026

Freedom Metals Acquisition Corp.

3250 NE 1st Ave, 305

Miami, FL 33137

RE:	Securities Subscription Agreement

Ladies and Gentlemen:

Freedom Metals Acquisition
Corp., a Cayman Islands exempted company (the “Company”), is pleased to accept the offer NLC America SPAC 1 LLC, a
Delaware limited liability company (the “Subscriber” or “you”), has made to subscribe for 10,541,
667 Class B ordinary shares of the Company, $0.0001 par value per share (“Class B Ordinary Shares”, or each a “Share”
and together, the “Shares”), up to 1,375,000 of which are subject to complete or partial forfeiture by you if the underwriters
of the Company’s initial public offering (“IPO”) of units (“Units”) do not fully exercise
their over-allotment option (the “Over-allotment Option”). For the purposes of this Agreement, references to “Ordinary
Shares” are to, collectively, the Class B Ordinary Shares and the Company’s Class A ordinary shares, $0.0001 par value
per share (“Class A Ordinary Shares”). Pursuant to the Company’s memorandum and articles of association (as may
be amended, the “Articles”), Class B Ordinary Shares will convert into Class A Ordinary Shares on a one-for-one basis,
subject to adjustment, upon and subject to the terms and conditions set forth in the Articles. Unless the context otherwise requires,
as used herein “Shares” shall be deemed to include any Class A Ordinary Shares issued upon conversion of the Class B Ordinary
Shares. The terms (this “Agreement”) on which the Company is willing to issue the Shares to the Subscriber, and the
Company and the Subscriber’s agreements regarding such Shares, are as follows:

1.	Subscription for Shares.

For the sum of $25,000 (the
“Purchase Price”), which the Company acknowledges receiving in cash, the Company hereby agrees to issue the Shares
to the Subscriber, and the Subscriber hereby subscribes for and purchases the Shares from the Company, 1,375,000 of which are subject
to forfeiture, on the terms and subject to the conditions set forth in this Agreement. Concurrently with the Subscriber’s execution
of this Agreement, the Company shall update its register of members accordingly. All references in this Agreement to certain Shares being
forfeited shall take effect as surrenders and cancellations for no consideration of such shares as a matter of Cayman Islands law. The
one Class B Ordinary Share currently in issue following the incorporation of the Company shall be repurchased and cancelled by the Company
at par immediately following the issue of the Shares by the Company.

2.	Representations, Warranties and Agreements.

2.1	Subscriber’s Representations, Warranties and Agreements . 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:

2.1.1	No Government Recommendation or Approval . The Subscriber understands that no federal or state agency
has passed upon or made any recommendation or endorsement of the offering of the Shares.

2.1.2	No Conflicts . The execution, delivery and performance of this Agreement and the consummation by
the Subscriber of the transactions contemplated hereby do not violate, conflict with or constitute a default under (i) the limited liability
company agreement of the Subscriber, (ii) any agreement, indenture or instrument to which the Subscriber is a party or (iii) any law,
statute, rule or regulation to which the Subscriber is subject, or any agreement, order, judgment or decree to which the Subscriber is
subject.

2.1.3	Formation and Authority . The Subscriber is a Delaware limited liability company, formed and registered
and validly existing and in good standing under the laws of Delaware and possesses all requisite power and authority necessary to carry
out the transactions contemplated by this Agreement. Upon execution and delivery by you, this Agreement is a legal, valid and binding
agreement of Subscriber, enforceable against Subscriber in accordance with its terms, except as such enforceability may be limited by
applicable bankruptcy, insolvency, fraudulent conveyance or similar laws affecting the enforcement of creditors’ rights generally
and subject to general principles of equity (regardless of whether enforcement is sought in a proceeding at law or in equity).

2.1.4	Experience, Financial Capability and Suitability . Subscriber is: (i) sophisticated in financial
matters and is able to evaluate the risks and benefits of the investment in the Shares and (ii) able to bear the economic risk of its
investment in the Shares for an indefinite period of time because the Shares have not been registered under the Securities Act (as defined
below) and therefore cannot be sold unless subsequently registered under the Securities Act or an exemption from such registration is
available. Subscriber is capable of evaluating the merits and risks of its investment in the Company and has the capacity to protect its
own interests. Subscriber must bear the economic risk of this investment until the Shares are sold pursuant to: (i) an effective registration
statement under the Securities Act or (ii) an exemption from registration available with respect to such sale. Subscriber is able to bear
the economic risks of an investment in the Shares and to afford a complete loss of Subscriber’s investment in the Shares.

2.1.5	Access to Information; Independent Investigation . Prior to the execution of this Agreement, the
Subscriber has had the opportunity to ask questions of and receive answers from representatives of the Company concerning an investment
in the Company, as well as the finances, operations, business and prospects of the Company, and the opportunity to obtain additional information
to verify the accuracy of all information so obtained. In determining whether to make this investment, Subscriber has relied solely on
Subscriber’s own knowledge and understanding of the Company and its business based upon Subscriber’s own due diligence investigation
and the information furnished pursuant to this paragraph. Subscriber understands that no person has been authorized to give any information
or to make any representations which were not furnished pursuant to this Section 2 and Subscriber has not relied on any other representations
or information in making its investment decision, whether written or oral, relating to the Company, its operations and/or its prospects.

2.1.6	Regulation D Offering . Subscriber represents that it is an “accredited investor” as
such term is defined in Rule 501(a) of Regulation D under the Securities Act of 1933, as amended (the “ Securities Act ”)
and acknowledges the sale contemplated hereby is being made in reliance on a private placement exemption to “accredited investors”
within the meaning of Section 501(a) of Regulation D under the Securities Act or similar exemptions under state law.

2.1.7	Investment Purposes . The Subscriber is purchasing the Shares solely for investment purposes, for
the Subscriber’s own account and not for the account or benefit of any other person, and not with a view towards the distribution
or dissemination thereof. The Subscriber did not decide to enter into this Agreement as a result of any general solicitation or general
advertising within the meaning of Rule 502 under the Securities Act.

2.1.8	Restrictions on Transfer; Shell Company . Subscriber understands the Shares are being offered in
a transaction not involving a public offering within the meaning of the Securities Act. Subscriber understands the Shares will be “restricted
securities” within the meaning of Rule 144(a)(3) under the Securities Act and Subscriber understands that the certificates or book-entries
representing the Shares will contain a legend in respect of such restrictions. If in the future the Subscriber decides to offer, resell,
pledge or otherwise transfer the Shares, such Shares may be offered, resold, pledged or otherwise transferred only pursuant to: (i) registration
under the Securities Act, or (ii) an available exemption from registration. Subscriber agrees that if any transfer of its Shares or any
interest therein is proposed to be made, as a condition precedent to any such transfer, Subscriber may be required to deliver to the Company
an opinion of counsel satisfactory to the Company. Absent registration or an exemption, the Subscriber agrees not to resell the Shares.
Subscriber further acknowledges that because the Company is a shell company, Rule 144 may not be available to the Subscriber for the resale
of the Shares until one year following consummation of the initial business combination of the Company, despite technical compliance with
the requirements of Rule 144 and the release or waiver of any contractual transfer restrictions.

2.1.9	No Governmental Consents . No governmental, administrative or other third party consents or approvals
are required, necessary or appropriate on the part of Subscriber in connection with the transactions contemplated by this Agreement.

2.2	Company’s Representations, Warranties and Agreements . To induce the Subscriber to purchase
the Shares, the Company hereby represents and warrants to the Subscriber and agrees with the Subscriber as follows: