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You subscribe to a per quarter amount. That amount will be invested into deals selected by the fund manager each quarter. If the fund manager doesn't invest the full amount, it will be rolled over into the next quarter's investments.
A Subscription Agreement is a formal agreement between a company and an investor. They establish the capital contribution as well as terms and conditions around key provisions of the transaction.
Summary. A subscription agreement is a formal agreement between a company and an investor to buy shares of a company at an agreed-upon price. It contains all the details of such an agreement, including Outstanding Shares, Shares Ownership, and Payouts.