Exhibit 10.9
INTEGRATED RAIL AND RESOURCES ACQUISITION CORP.
INVESTMENT AGREEMENT
THIS INVESTMENT AGREEMENT (this “Agreement”), dated and made effective as of the Effective Date (as defined below), is by and among (i) Integrated Rail and Resources Acquisition Corp., a Delaware corporation (the “SPAC”), (ii) DHIP Natural Resources Investments, LLC, a Delaware limited liability company (the “Sponsor”), and (iii) the investors listed on Schedule I hereto (the “Investor”). This Agreement may be executed by an investment manager on behalf of managed funds and/or accounts, and for the elimination of doubt, any such fund or account shall, severally and not jointly, be the Investor hereunder (and to the extent of any obligations of any Investor or any covenant, representation or warranty made by any Investor, the same shall be deemed to be made severally and not jointly), provided that the IPO Indication (as defined below) for all such managed funds or accounts shall not, in the aggregate, be in excess of the aggregate percentages specified in relation to such Investors on Schedule I attached hereto (the “Specified Percentage”).
WHEREAS, in connection with the initial public offering (the “IPO”) of 20,000,000 units (or up to 23,000,000 units if the underwriters’ over-allotment option is exercised in full) of the SPAC, each unit shall consist of one share of Class A common stock, par value $.0001 per share (the “Class A Common Stock”) and one-half of one redeemable warrant. The Investor has expressed an interest in acquiring up to the number of units in the IPO set forth opposite its name on Schedule I. The amount of units the Investor acquires shall not exceed the Investor’s applicable Specified Percentage of the total number of outstanding shares of Class A Common Stock underlying the units (not including the amount of units subject to the exercise of the underwriters’ over-allotment option) (the “IPO Indication”), at a price of $10.00 per unit.
WHEREAS, the parties wish to enter into this Agreement pursuant to which the Investor will purchase from the Sponsor Class B common stock, par value $0.0001 per share, of the SPAC (the “Founder Shares”) for the same value paid by the Sponsor, or approximately $0.004 per share.
NOW THEREFORE, the parties hereto hereby agree as follows:
Section 1. Sale and Purchase.
| (a) | In connection with the IPO Indication, and subject to the satisfaction of the conditions set forth in Section 1(b), the Sponsor hereby agrees to sell to the Investor the number of Founder Shares set forth opposite such Investor’s name on Schedule I (such shares, the “Transferred Shares”) for the aggregate purchase price set forth opposite such Investor’s name on Schedule I ($0.004 per share) (the “Transfer Price”) on the date of the closing of the IPO, and Investor hereby agrees to purchase the Transferred Shares (the “Transfer”). The parties acknowledge that the Transfer by Sponsor directly to the Investor is being undertaken for the convenience of the parties in lieu of (i) the transfer by the Sponsor of the Transferred Shares to the SPAC for cancellation, and (ii) the reissuance and sale of such |
1