Exhibit 99.1
TFA THERAPEUTICS,
INC.
(formerly known as Cordyceps Sunshine Biotech Holdings Co., Ltd.)
OTCQB: RAJAF
PRIVATE PLACEMENT ORDINARY SHARE
SUBSCRIPTION AGREEMENT
CONFIDENTIAL—INVITATION ONLY; NO PUBLIC DISTRIBUTION OR U.S.
DIRECTED SELLING EFFORTS
The Shares have not been registered under the U.S. Securities Act of
1933, as amended (the “Securities Act”), or any state securities law and are offered solely in reliance upon an applicable
exemption. Neither the U.S. Securities and Exchange Commission nor any other authority has approved, disapproved or reviewed the Offering;
any representation to the contrary is unlawful.
This document is not a guarantee of return, liquidity, uplisting, listing,
repurchase or share price. An investor may be unable to sell the Shares for an indefinite period and may lose the entire investment.
| Issuer |
TFA Therapeutics, Inc. (formerly known as Cordyceps Sunshine Biotech Holdings Co., Ltd.; Cayman Islands; OTCQB: RAJAF) |
| Security |
Ordinary Shares |
| Price |
US$2.52 per Share |
| Target |
3,968,254 Shares; approximately US$10,000,000 |
| Maximum Amount |
Up to 5,952,381 Shares; approximately US$15,000,000 |
| Expiration Date |
30 days after Subscriber’s actual signature date |
| Exemption |
Regulation S offshore only—non-U.S. Persons outside the United States |
| Control |
English controls if the bilingual texts conflict |
| Closing & Later Credit |
Rolling allotment and statutory register entry; securities-account credit after Offering Completion |
EXECUTION AND PROCESS INSTRUCTIONS
The Subscriber needs only complete the basic information, whole number
of Shares, Total Subscription Amount and actual execution date on the Subscriber Signature Page and sign once. The Total Subscription
Amount must equal Shares × US$2.52. The actual date may not be left blank or backdated, and the Company may not accept an undated
subscription. Any post-signature completion, page removal, page substitution or amendment is governed by Section 14.2, except the Company’s
completion of the Company Acceptance Page and Schedule B as authorized herein.
This version is solely for an offshore Regulation S subscription under
the Securities Act. The Subscriber must be a non-U.S. Person, must be outside the United States when originating the subscription order
and executing and delivering this Agreement, and the transaction must be completed as an Offshore Transaction (as defined term under Rule
902(h) of Regulation S).
Bank details are intentionally blank in this template. Schedule B may
be completed and signed by an authorized Company representative before Subscriber execution and Company acceptance. After receiving this
complete Agreement, Schedule A and Schedule B and authenticating Schedule B through a known channel, the Subscriber may remit before Company
acceptance. Any advance remittance is refundable subscription money pending review and does not constitute Company acceptance, allotment,
issuance or closing of this offering (“Closing”) or change the Subscriber’s actual execution date.
The number of Shares and amount accepted by the Company are determined
solely by the Company Acceptance Page. Unaccepted amounts will be refunded under this Agreement.
SCOPE OF THIS VERSION
On the single Subscriber Signature Page, the Subscriber makes an integrated
certification of its Regulation S offshore status, legal eligibility, lawful source of funds and accuracy of information, and agrees to
provide necessary KYC information separately upon the Company’s reasonable request.
The Subscriber is responsible for the accuracy of its representations
and information. The Company must still investigate apparent inconsistencies and perform non-waivable securities, disclosure, filing and
anti-fraud duties.
CONFIDENTIAL –2026-08-31– 2 / Page 2 of 16
PRIVATE PLACEMENT SUBSCRIPTION
AGREEMENT • CONFIDENTIAL
PRIVATE PLACEMENT ORDINARY SHARE SUBSCRIPTION AGREEMENT
This Private Placement Ordinary Share Subscription Agreement (this
“Agreement”) is entered into by and between TFA Therapeutics, Inc. (formerly known as Cordyceps Sunshine Biotech Holdings
Co., Ltd.), a company incorporated and validly existing under the laws of the Cayman Islands (the “Company”), and the subscriber
identified on the signature page (the “Subscriber”), as of the date stated on the Company Acceptance Page.
WHEREAS, the Company proposes to issue newly issued Ordinary Shares
in a non-public offering, and the Subscriber desires to subscribe for such Shares under this Agreement and an applicable securities-law
exemption; NOW, THEREFORE, the parties agree as follows.
Article 1 Definitions and Nature of Offering
1.1 Shares
“Shares” means the ordinary shares issued under this Agreement,
with the rights and restrictions set forth in the Company’s Memorandum and Articles of Association in effect at issuance.
1.2 Offering
“Offering” means the non-public issuance of Shares under
Regulation S solely to non-U.S. Persons individually identified and directly invited in advance and located outside the United States.
No public offering or general solicitation may be made to unspecified persons in Taiwan, and “private placement” does not
mean reliance on Article 43-6 of Taiwan’s Securities and Exchange Act. The Subscriber may not receive the offer, originate the subscription
order, execute or deliver this Agreement or initiate payment while in the United States, or subscribe for the account or benefit of a
U.S. Person. The Company’s later lawful allotment, register entry or post-Closing administrative account credit does not constitute
another subscription act by the Subscriber.
1.3 Statutory Terms
The terms “United States,” “U.S. Person,” “Offshore
Transaction,” “Directed Selling Efforts,” “Regulation S,” “Distribution Compliance Period” and
“Rule 144” have the meanings assigned by the Securities Act of 1933, as amended and the applicable rules in effect at execution
and Closing. Statutory definitions control over any summary in this Agreement.
1.4 Business Day, Expiration Date and Offering Completion Date
“Business Day” means a day other than a Saturday, Sunday
or public holiday on which banks are generally open in New York, the Cayman Islands and Taipei. “Expiration Date” means 5:00
p.m. Taipei time on the 30th calendar day after the Subscriber’s actual execution date, extended to the next Business Day if necessary.
An undated offer is incomplete and may not be accepted. The parties may extend an individual Expiration Date in writing before it expires.
“Offering Completion Date” means the date when all accepted subscriptions have either Closed or terminated with any required
refund completed, and the Company has announced in writing that it will accept no further subscriptions.
CONFIDENTIAL –2026-08-31– 3 / Page 3
of 16
Article 2 Subscription, Price and Offering Size
2.1 Subscription
The Subscriber applies to purchase for cash the whole number of Shares
stated on the signature page at a fixed price of US$2.52 per Share. The Total Subscription Amount must equal the number of Shares multiplied
by US$2.52. If inconsistent, the Company may not alter the entries and may require a corrected, initialed entry. The Company may accept
all or part of the subscription; the Shares and amount stated on the Company Acceptance Page are the final accepted amount, and any unaccepted
funds shall be refunded under Section 3.5.
2.2 Target and Maximum
The Offering targets approximately US$10,000,000 (3,968,254 Shares)
and up to 5,952,381 Shares, with no minimum aggregate proceeds required for a Closing. The Company may conduct rolling Closings for individual
Subscribers or reasonable batches and may accept, partially accept or reject any oversubscription. Any change to the Offering maximum
requires necessary corporate approval and written disclosure before acceptance of an affected subscription.
2.3 Reference Valuation and Discount
The commercial pricing reference is a US$350,000,000 equity valuation
and 111,120,000 issued and outstanding Ordinary Shares, producing an approximate reference value of US$3.15 per Share and an approximate
20% discount at US$2.52. This information explains the pricing method only and is not an independent valuation, fairness opinion, current
or fully diluted capitalization assurance, post-Closing valuation or promise of investment return. If a material capitalization change
occurs before acceptance, the Company shall provide an updated written discount explanation; unless amended in writing by both parties,
the Purchase Price remains US$2.52 per Share.
2.4 No Additional Rights
Unless expressly provided in the Company’s organizational documents
or a separate written agreement duly executed by the Company, the Shares carry no board seat, anti-dilution, price-protection, repurchase,
redemption, preemptive, most-favored-nation, resale-registration, guaranteed-dividend or uplisting/listing right.
CONFIDENTIAL –2026-08-31– 4 / Page 4 of 16
PRIVATE PLACEMENT SUBSCRIPTION
AGREEMENT • CONFIDENTIAL
Article 3 Submission, Acceptance, Payment and Refund
3.1 Submission, Expiration and Withdrawal
Delivery of this completed, dated and signed Agreement, together with
any legal-eligibility or KYC/AML information reasonably requested by the Company, constitutes the Subscriber’s offer. Before Company
acceptance, the Subscriber may withdraw any unaccepted portion by written notice received by the Company, and the offer expires automatically
on the Expiration Date. If fresh execution is required, no prior signature page may be reused or transplanted.
3.2 Company Review and Acceptance
The Company may accept, partially accept, defer or reject a subscription
based on the Offering limit, corporate authority, applicable law, securities-law exemption, KYC/AML, sanctions, source of funds or reasonable
business considerations. Only before the Expiration Date, after necessary review, the written Section 7.3 compliance determination, corporate
approval and confirmation of sufficient authorized and unissued Shares, may an authorized representative date and sign the Company Acceptance
Page. Only then does the subscription become binding for the accepted Shares and amount.
3.3 Advance Remittance and Wire Instructions
Schedule B may be completed and signed by an authorized Company representative
before the Subscriber executes this Agreement or before Company acceptance. The Subscriber may remit only after receiving this complete
Agreement, Schedule A and Schedule B and verifying the instructions through a previously known Company channel, to an account in the Company’s
name or a lawfully authorized escrow or collection account. Payment may be made before or after Company acceptance. An advance remittance
is conditional and refundable subscription money pending review and does not by itself constitute a complete subscription offer, Company
acceptance, allotment, issuance or Closing. Upon the Subscriber’s later execution and delivery of this Agreement bearing the actual
date, this Agreement applies to that advance remittance. Any change to the wire instructions requires Company reissuance and renewed Subscriber
verification.
3.4 Funds, Charges and Availability
The Subscriber shall pay by the deadline in Schedule B, bear outgoing
charges and ensure receipt of the full amount in cleared, irrevocably available U.S. dollar funds. No physical cash, crypto-asset or third-party
payment is accepted without prior written Company approval and necessary review. Before Closing, funds received shall remain refundable
subscription money pending review and Closing and may not be used. After acceptance, receipt of the corresponding funds and satisfaction
of Section 4.2, the accepted portion shall be included in the next rolling Closing as soon as reasonably practicable. At Closing, the
funds become Company funds without awaiting completion of the entire Offering or later securities-account credit. Any amount exceeding
the accepted amount shall be refunded under Section 3.5.
3.5 Termination and Refund
The affected portion terminates upon rejection, valid withdrawal before
acceptance, termination of the Offering by the Company or expiration before acceptance. If the Company does not receive a dated and signed
Agreement within ten Business Days after an advance remittance, processing shall terminate and the funds shall be refunded, unless the
parties extend that period in writing before expiration. After acceptance, any unpaid portion terminates automatically three Business
Days after the Schedule B payment deadline, unless the Company extends the payment deadline in writing before termination. After acceptance
and receipt of the full amount in cleared, irrevocably available funds, the Company shall Close within ten Business Days; otherwise, the
affected portion terminates automatically unless the parties extend that period in writing before expiration. Funds received for an unaccepted
or terminated portion shall be returned without interest within five Business Days to the originating account or a verified same-name
account of the Subscriber, less only unavoidable bank charges. A legally required delay does not constitute a breach, and the Company
shall refund promptly when legally permitted.
CONFIDENTIAL –2026-08-31– 5 / Page 5 of 16
Article 4 Closing, Statutory Registration and Later Account Credit
4.1 Rolling Closing
For each accepted subscription or batch, Closing occurs on the date
when all of the following have occurred (the “Closing Date”): (a) the Company has signed the Company Acceptance Page; (b)
the Company has received the full amount in cleared, irrevocably available U.S. dollar funds; (c) the conditions in Section 4.2 have been
satisfied or lawfully waived in writing; (d) the Board or its lawful delegate has duly allotted the accepted Shares as fully paid; and
(e) the Subscriber and Share particulars required by Cayman Islands law have been entered in the Company’s register of members,
including where lawfully maintained by the Company’s authorized register keeper or transfer agent. Clauses (d) and (e) may not be
waived. At Closing, the subscription funds become Company funds and the Subscriber becomes a registered member from the date stated in
the register. Later securities-account credit is not a condition to Closing.
4.2 Conditions to the Company
In addition to Section 4.1, the Company’s obligation to Close
is conditioned upon the Subscriber’s representations and information remaining true, complete and not materially misleading at Closing;
satisfactory legal-eligibility, KYC/AML, sanctions, tax, beneficial-owner and source-of-funds review; receipt of the information required
for an accurate register entry and completion of the written Section 7.3 compliance determination; necessary corporate approval and sufficient
authorized and unissued Shares; and lawful completion under the applicable exemption and other law. No legally non-waivable condition
may be waived. The absence of a transfer agent, brokerage, custody or securities-depository account is not a failure of a Closing condition.
4.3 Conditions to Subscriber Funding and Closing
If the Company accepts before the Subscriber has paid in full, the
Subscriber’s obligation to pay the unpaid amount is conditioned upon the Company’s material representations and warranties
remaining true at payment and the Company having the authority required to accept, allot and complete the register entry. The Company
may Close only while its material representations and warranties remain true at Closing. After full payment and delivery of the information
required by Section 4.2, no further Subscriber signature or prior securities account is required for allotment and entry in the register,
except as expressly required by law or this Agreement.
4.4 Closing Evidence and Later Consolidated Account Credit
Within five Business Days after Closing, the Company shall provide
written or electronic evidence of the Closing Date, number of Shares Closed and register entry, or a share certificate if the Company
elects to provide one. Within thirty Business Days after the Offering Completion Date, the Company shall begin processing, together or
in batches, transfer-agent direct registration or book entry, or, if eligible, credit through DTC or another securities depository to
the Subscriber’s brokerage or custody account. The Company does not represent or guarantee DTC eligibility, broker acceptance, depository
eligibility, transfer-agent eligibility or completion of any securities-account credit. Later processing is subject to applicable law,
Article 8 restrictions, institutional eligibility and procedures, and the Subscriber’s provision of an eligible account and KYC
information; the Company does not guarantee third-party completion. If processing cannot be completed, the Shares remain in the legally
effective register position without affecting the Closing Date, shareholder rights, commencement of restrictions or the Company’s
right to use the subscription funds.
CONFIDENTIAL –2026-08-31– 6 / Page 6 of 16
PRIVATE PLACEMENT SUBSCRIPTION
AGREEMENT • CONFIDENTIAL
Article 5 Investment Information, Risks and Use of Proceeds
5.1 Review and Professional Advice
The Subscriber confirms that, before execution, it had reasonable time
to review this Agreement and Schedule A, ask questions and obtain information reasonably available from the Company without unreasonable
burden or expense, and was advised to consult its own legal, tax, financial and investment advisers.
5.2 Investment Risks and No Assurance
This investment is highly speculative, and the risks in Schedule A
are non-exhaustive. An OTC quotation is not a listing on a U.S. national securities exchange. The Company gives no assurance of product
approval, commercialization, profit, dividends, financing, liquidity, resale registration, uplisting, listing or future share price; the
Subscriber may be unable to sell the Shares for an indefinite period and may lose the entire investment. Forward-looking information is
subject to assumptions and uncertainty.
5.3 TFA-01 Rights and Potential Conflict
Under the Cooperation and Development Agreement for the Antcin A Platform
dated June 24, 2026, TFA-01 is an Antcin A Platform Product. Legal ownership of the platform assets remains with Pet Sunshine Biological
Research Co., Ltd., and the Company holds exclusive, royalty-free worldwide development, commercialization, licensing and sublicensing
rights. Unless otherwise agreed in writing, platform commercial revenues are shared 50%/50%. The potential conflict arising from Szu Hao
Huang’s representation of both parties shall be addressed under applicable governance and fiduciary-duty procedures.
5.4 Use of Proceeds
The Company expects to use the proceeds for development, regulatory
advancement and commercialization of the licensed platform; CMC, manufacturing and capacity expansion; market development; public-company
compliance; working capital; professional fees; and other general corporate purposes. Proceeds may be used after each individual or batch
Closing, and failure to reach the aggregate target does not unwind a completed Closing or create a refund right. The Board may adjust
timing and allocation within those purposes and applicable law based on actual needs.
Article 6 General Subscriber Representations, Warranties and Covenants
The Subscriber makes the following representations, warranties and
covenants on execution and again at Closing and agrees that the Company, its directors, officers, professional advisers, banks and transfer
agent may reasonably rely on them for compliance and completion of the transaction.
6.1 Capacity, Authority and Legal Eligibility
The Subscriber has full legal capacity and authority to execute and
perform this Agreement; if an entity, it is duly organized, validly existing and has obtained necessary internal approvals. This Agreement
binds the Subscriber, subject to bankruptcy, insolvency and general equitable principles. The Subscriber has obtained any internal, governmental,
foreign-exchange or other approval required to subscribe, pay for, own and dispose of the Shares, and execution, payment, ownership and
performance will not materially violate applicable law, organizational documents, a court order or an agreement binding on it.
6.2 Investment Account, Capacity and Independent Decision
The Subscriber acquires for its own account, or for fully disclosed
and eligible beneficial owners, for investment and not for unlawful distribution, immediate resale or an undisclosed person. It has sufficient
knowledge and experience to evaluate the investment, or has been assisted by an independent adviser, can bear an indefinite holding period
and complete loss, and has decided based on this Agreement and its own investigation without relying on any oral promise or assurance
not contained herein.
CONFIDENTIAL –2026-08-31– 7 / Page 7 of 16
6.3 Information, Updating and Lawful Funds
Information supplied by the Subscriber concerning identity, address,
U.S. Person status, legal eligibility, beneficial ownership, control persons and source of funds is true, correct and complete without
material omission; any pre-Closing change shall be reported promptly in writing. The funds derive from lawful sources and do not involve
crime, money laundering, terrorist financing, tax evasion, corruption, bribery, sanctions evasion or other unlawful activity; no third-party
funds are used except as disclosed and approved in writing.
6.4 Unauthorized Intermediaries
Unless authorized by the Company in writing, no finder, adviser or
third party may alter terms, give assurances or receive subscription funds on behalf of the Company.
Article 7 Regulation S Offshore Offering Exemption
7.1 Offshore Eligibility and Subscriber Certification
The Subscriber reaffirms the integrated certification in Section 1.2
and the signature page: it is not a U.S. Person and is not acquiring for the account or benefit of any U.S. Person; receipt of the offer,
origination of the subscription instruction, execution and delivery, and initiation of payment required of the Subscriber occur outside
the United States; it was not induced by Directed Selling Efforts and has no prearranged U.S. resale; and it will comply with applicable
law and Article 8. Any pre-Closing change shall be reported promptly in writing. Regulation S status is determined under the full Rule
902 definition.
7.2 Company-Side Closing and Later Processing
If Closing consists solely of Company-side allotment and register entry
with no further subscription act by the Subscriber, the Subscriber need not remain outside the United States at that time. Later Company
processing of Closing evidence, direct registration or account credit does not by itself create a second Closing, offer or sale or alter
the original Closing Date or commencement of applicable restrictions.
7.3 Company Regulation S and Local-Law Determination and Implementation
Before accepting any subscription, the Company shall obtain and retain
a written determination by qualified U.S. securities counsel or an appropriate compliance officer covering the Regulation S classification
of the Company and the Shares, including foreign-issuer and reporting-issuer status, Substantial U.S. Market Interest, the applicable
Category, the Distribution Compliance Period and its commencement, Offering Restrictions, required distributor or underwriter documents,
and any registration, filing, approval or exemption required in the actual jurisdiction of sale. The Company and its distributors, affiliates
and representatives shall not engage in Directed Selling Efforts in the United States and shall implement applicable Rule 903 measures
and required filings. Subscriber self-certification does not replace the Company’s issuer-side analysis.
Article 8 Unregistered Shares, Transfer Restrictions and Legends
8.1 Unregistered Shares and Transfer Restrictions
The Shares are not registered under the Securities Act or state securities
laws, and no fixed release, tradability or legend-removal date is promised. The Subscriber shall not directly or indirectly offer, sell,
assign, pledge, hedge or otherwise transfer any Share unless the Company gives prior written consent after receiving evidence reasonably
satisfactory to it, including any U.S. securities-law opinion it reasonably requires, confirming that the transaction is lawful under
Regulation S, an effective registration statement or another available exemption and complies with the applicable Distribution Compliance
Period, stop-transfer instructions and other restrictions. Expiration of any period does not automatically make the Shares saleable or
remove a legend or stop-transfer instruction. The Company may approve an administrative account credit under Section 4.4 for the same
beneficial owner, provided it involves no sale, pledge, hedge or change of beneficial ownership and preserves the original Closing Date
and all applicable restrictions.
CONFIDENTIAL –2026-08-31– 8 / Page 8 of 16
PRIVATE PLACEMENT SUBSCRIPTION
AGREEMENT • CONFIDENTIAL
8.2 Rule 144 and No Resale Registration Obligation
Rule 144 is only a possible resale safe harbor and remains subject
to holding-period, public-information, affiliate, shell-company, volume, manner-of-sale, Form 144 and other conditions. The Company does
not assure that expiration of any period permits sale or legend removal. Unless expressly stated in a separate written agreement duly
executed by the Company, it has no obligation to register a resale, maintain any exemption or pay legal-opinion, transfer-agent or legend-removal
costs.
8.3 Refusal of Noncompliant Transfers and Restrictive Legends
The Company shall instruct its transfer agent to refuse any transfer
not made under Regulation S, effective registration or an available registration exemption and may require a legal opinion, representation,
broker confirmation or other reasonable evidence before transfer or legend removal. If applicable law prevents refusal, other reasonable
measures shall be used to prevent a noncompliant transfer. Certificates or electronic book-entry records shall bear legends required under
Section 7.3 and applicable law and may use the English legend in Schedule A or a substantially similar legend; any removal requires lawful
confirmation by the Company and its transfer agent.
Article 9 Company Representations and Warranties
9.1 Organization, Power and No Material Conflict
The Company is duly incorporated and validly existing under Cayman
Islands law and has corporate power to conduct its current business and execute and perform this Agreement. Execution, performance and
issuance of the Shares will not materially violate its organizational documents, applicable law binding on the Company or a material agreement.
9.2 Corporate Authorization
Before accepting any subscription, the Company shall obtain Board approval
or other corporate action required to approve the Offering, Purchase Price, maximum subscription acceptance, individual or batch allotments,
register entries, lawful delegation and authorized execution and the Company shall confirm sufficient authorized and unissued Shares.
9.3 Binding Effect and Valid Issuance
When the Company’s authorized representative signs the Company
Acceptance Page, this Agreement becomes a legal, valid and binding obligation of the Company, subject to bankruptcy, insolvency, reorganization
and general equitable principles. Shares for which the Purchase Price has been received, required authority obtained, due allotment completed
and lawful entry made in the register of members under Section 4.1 are validly issued, fully paid and non-assessable at Closing; validity
does not depend on later account credit under Section 4.4. They are free of Company-created liens other than restrictions under this Agreement,
the organizational documents and applicable law.
9.4 Filings, Disclosure and Statutory Duties
The Company will make filings or notices legally required under the
exemption used and applicable law. To the Company’s knowledge, as of the date of this Agreement, the Agreement, taken as a whole,
contains no material misstatement or material omission; however, the Company does not guarantee acceptance of an exemption claim, forecasts,
valuation, research results or future events. Nothing herein relieves the Company of non-waivable securities, disclosure, filing, antifraud
or other mandatory duties.
CONFIDENTIAL –2026-08-31– 9 / Page 9 of 16
Article 10 KYC, AML, Sanctions, Data and Confidentiality
10.1 Documentation, KYC/AML, Sanctions and Later Account Credit
The Subscriber shall provide identity or organizational, signatory-authority,
beneficial-owner, sanctions and source-of-funds documents required by applicable law or reasonably requested by the Company, its bank
or transfer agent; tax or financial information is required only when necessary under law or transaction review. The Company may verify
through reliable databases, public records or professional services and, if unable reasonably to confirm the information, may defer, reject
or terminate before Closing. Neither the Subscriber nor any beneficial owner, control person, director or representative is sanctioned
or owned or controlled by a sanctioned person, and the transaction shall not evade sanctions, AML, anticorruption, antibribery, counter-terrorist-financing
or export-control law. After Closing, the Subscriber shall reasonably provide account-opening, KYC and institutional forms needed for
later direct registration or account credit under Section 4.4; failure may delay or prevent that processing but does not retroactively
terminate a completed Closing. After Closing, the Company may pursue only remedies under this Agreement and applicable law.
10.2 Data Processing
Subject to applicable data-protection law, the Subscriber consents
to the Company collecting, processing, retaining and transferring its information across borders and disclosing it to necessary banks,
professional advisers, transfer agents, brokers, custodians, securities depositories, service providers and authorities for reviewing
and completing the transaction, securities and KYC/AML compliance, receiving or returning funds, issuing Shares, maintaining the register
of members, processing Section 4.4 account credit and responding to authorities.
10.3 Confidentiality and No Distribution
This Agreement is solely for an invited Subscriber’s evaluation
and may not be copied, published, posted, forwarded or distributed except to professional advisers bound by confidentiality or as compelled
by law. It may not be used for Directed Selling Efforts in the United States or in violation of public-solicitation restrictions in the
jurisdiction of sale. Nothing herein restricts voluntary reporting to, providing information to or cooperating with the SEC or another
governmental authority.
Article 11 Subscriber Responsibility, Indemnity and Non-Waivable
Matters
11.1 Subscriber Responsibility
The Subscriber is responsible for the truth, completeness and accuracy
of its representations and information in this Agreement, KYC materials and other submissions. They must be true at execution and Closing
and survive as their nature requires.
11.2 Subscriber Indemnity
To the fullest extent permitted by law, the Subscriber shall indemnify
the Company and its directors, officers, employees, agents, banks, transfer agent and professional advisers for losses, liabilities, claims,
penalties, sanctions and reasonable legal expenses directly caused by its material misrepresentation, material omission, forged document
or material breach.
11.3 Limitations and Statutory Rights
Section 11.2 excludes losses primarily caused by the Company’s
fraud, willful misconduct, gross negligence, material breach or breach of a non-waivable duty. Nothing in this Agreement relieves non-waivable
securities, disclosure, filing or antifraud duties, waives a non-waivable Subscriber right, or limits liability that law does not permit
to be limited.
CONFIDENTIAL –2026-08-31– 10 / Page 10 of 16
PRIVATE PLACEMENT SUBSCRIPTION
AGREEMENT • CONFIDENTIAL
Article 12 Notices
12.1 Method and Effectiveness
A formal legal notice must be in writing and delivered personally,
by trackable courier or registered mail, and is effective upon actual receipt; an address change must be made likewise. Section 4.4 Closing
confirmations, Offering Completion Date notices and later account communications may be emailed to the address on the signature page and
are effective when sent if no nondelivery notice is received.
12.2 Company Notice Address
The Company’s notice address is 6F., No. 15, Lane 548, Ruiguang
Road, Neihu District, Taipei City, Taiwan, solely for notices under this Agreement and not as its Cayman Islands registered office.
12.3 Subscriber Notice Address
The Subscriber’s notice address is stated on the signature page.
Except for administrative communications under Section 12.1, email is a courtesy copy only unless otherwise agreed in writing.
Article 13 Governing Law, Jurisdiction and Jury Waiver
13.1 New York Law
Except for Section 13.2, this Agreement and any dispute arising out
of or relating to it are governed by the laws of the State of New York, without regard to conflict-of-laws principles.
13.2 Cayman Corporate Matters
The Company’s incorporation, existence, corporate power, Board
authorization, valid issuance of Shares, register of members, shareholder status and internal affairs are determined under Cayman Islands
law and the Company’s organizational documents.
13.3 Exclusive Jurisdiction and Jury Waiver
Each party irrevocably submits to the exclusive jurisdiction of the
state and federal courts located in New York County, New York and, to the fullest extent permitted by law, waives trial by jury. A party
may enforce a New York judgment in any court of competent jurisdiction.
CONFIDENTIAL –2026-08-31– 11 / Page 11 of 16
Article 14 Miscellaneous
14.1 Entire Agreement
This Agreement and its Schedules are the entire agreement for this
subscription and supersede prior related agreements, discussions and representations, without limiting non-waivable antifraud or disclosure
duties.
14.2 Amendment, Document Integrity and Waiver
Any amendment must be signed in writing by the Company and the Subscriber.
After the Subscriber signs, neither party may remove or substitute pages, replace the body, transplant a signature page, backdate or fill
a blank, except that the Company may complete the Company Acceptance Page and Schedule B under Sections 2.1, 3.2 and 3.3. Handwritten
changes require both parties’ initials, and the complete Agreement, Schedules and signature pages must be retained together. A written
waiver is limited to its stated matter; delay is not a waiver.
14.3 No Assignment
The Subscriber may not assign rights or obligations without the Company’s
written consent. This does not imply that Shares may be transferred free of Article 8.
14.4 Severability
An invalid or unenforceable provision does not affect the remainder
and shall be replaced by an enforceable term closest to its lawful commercial purpose.
14.5 Expenses and Taxes
Unless otherwise stated, each party bears its legal, tax, advisory
and other expenses; the Subscriber bears its own filings and taxes arising from subscription, ownership and disposition.
14.6 Counterparts, Electronic Signatures and Retention
This Agreement may be executed in counterparts and by identifiable
electronic or scanned signature, all constituting one instrument. Electronic execution records must include the complete final document,
signature page and available transmission and signing records; a signature image detached from the body is not the complete Agreement.
14.7 Further Assurances
Each party shall reasonably provide documents needed to complete the
transaction, legal filings and Section 4.4 later registration or account credit, without materially increasing an economic obligation
not agreed in writing.
14.8 Survival
Representations, transfer restrictions, confidentiality, indemnity,
governing law, jurisdiction and Section 4.4 later processing and cooperation duties that by law or nature should survive remain effective
after an individual Closing, Offering Completion or termination.
14.9 Bilingual Text; English Controls
The Chinese and English texts shall be interpreted consistently; English
controls any ambiguity or inconsistency.
CONFIDENTIAL –2026-08-31– 12 / Page 12 of 16
PRIVATE PLACEMENT SUBSCRIPTION
AGREEMENT • CONFIDENTIAL
SCHEDULE A
KEY RISKS AND REGULATION S RESTRICTIVE LEGEND
KEY RISKS—NON-EXHAUSTIVE
Drug and platform research, clinical or nonclinical results, regulatory
approval, CMC, manufacturing, intellectual property and commercialization may be delayed or fail. The Company may require continuing financing
and face going-concern, negative-working-capital, cash-flow, internal-control, public-company-compliance and future-dilution risks.
The TFA-01/Antcin A Platform assets are owned by Pet Sunshine Biological
Research Co., Ltd. The Company holds exclusive licensed rights, commercial revenues are generally shared 50%/50%, and the same individual
represented both parties in signing, creating ownership, dependency and potential-conflict risks.
OTC quotation is not a U.S. national securities exchange; trading may
be limited, volatile or disrupted. The Shares are unregistered and subject to Regulation S, Rule 144, stop-transfer and other restrictions;
no fixed release or legend-removal date is promised, and expiration of a period does not automatically permit sale. The Company may use
funds after each individual or batch Closing, and failure to reach the target does not require a refund. Transfer-agent direct registration
or brokerage, custody or depository credit may be delayed or unavailable; the Shares may remain only on the register of members, limiting
access and liquidity.
The Company is a Cayman Islands foreign private issuer, and shareholder
rights, disclosure and remedies may differ. Cross-border operations; changes in securities, tax, foreign-exchange, sanctions, data or
other laws in Taiwan or elsewhere; and changes in valuation, forecasts, development timelines or use of proceeds may produce materially
adverse results, including total loss.
APPLICABLE REGULATION S RESTRICTIVE LEGEND
Regulation S Shares may bear the following or a substantially similar
English legend:
Regulation S Legend / REGULATION S LEGEND
THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY APPLICABLE
STATE SECURITIES LAW, AND WERE ISSUED IN AN OFFSHORE TRANSACTION PURSUANT TO REGULATION S. NO FIXED RELEASE, TRADABILITY OR LEGEND-REMOVAL
DATE IS PROMISED. THE SECURITIES MAY NOT BE OFFERED, SOLD, ASSIGNED, PLEDGED, HEDGED OR OTHERWISE TRANSFERRED EXCEPT IN ACCORDANCE WITH
REGULATION S, PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT, OR PURSUANT TO AN AVAILABLE EXEMPTION FROM REGISTRATION, AND SUBJECT TO
APPLICABLE DISTRIBUTION-COMPLIANCE, STOP-TRANSFER, EVIDENTIARY AND COMPANY-CONSENT REQUIREMENTS. EXPIRATION OF ANY PERIOD DOES NOT AUTOMATICALLY
AUTHORIZE TRANSFER, REQUIRE LEGEND REMOVAL OR MAKE THE SECURITIES TRADABLE.
CONFIDENTIAL –2026-08-31– 13 / Page 13 of 16
SIGNATURE PAGES
SUBSCRIBER SIGNATURE PAGE
SUBSCRIPTION DETAILS
The Subscriber shall complete the number of Shares and total amount.
The price is fixed at US$2.52 per Share; the total must equal a whole number of Shares multiplied by US$2.52.
SUBSCRIBER INFORMATION
Full Legal Name: ______________________________________________________
Notice Address: _______________________________________________________
Email: _______________________________________________________
SUBSCRIPTION TERMS
| Number of Shares Subscribed |
________________________ Shares |
| Purchase Price per Share |
US$2.52 |
| Total Subscription Amount |
US$ ______________________________ |
| Calculation |
Shares × US$2.52 |
INTEGRATED SUBSCRIBER CERTIFICATION
The Subscriber confirms that it is not a U.S. Person under Rule 902(k),
was outside the United States when originating the subscription order and executing and delivering this Agreement, and will complete the
transaction as an Offshore Transaction. It purchases for itself or a fully disclosed non-U.S. beneficial owner, with no purchase for a
U.S. Person, unlawful U.S. distribution or prearranged U.S. resale. The Subscriber also confirms that the Company furnished this Agreement
directly, that it is not subscribing due to a public solicitation to unspecified persons in Taiwan, and that it will not distribute these
materials to solicit others.
The Subscriber confirms legal eligibility under applicable law and
lawful source of funds; neither it nor any beneficial owner is sanctioned or owned or controlled by a sanctioned person. Its information
is true, correct and complete without material omission, and it will provide necessary KYC documents under Section 10.1. The Company may
defer or reject before Closing if it cannot reasonably verify the information.
The Subscriber had a reasonable opportunity to review and ask questions;
understands Article 2 pricing, Schedule A risks, the unregistered and resale-restricted status of the Shares, illiquidity and possible
total loss; and received no assurance of principal, profit, repurchase, listing, liquidity or share price. By signing, the Subscriber
agrees to this Agreement and Schedule A, authorizes the Company to complete Schedule B under Section 3.3, and applies its signature to
all Subscriber representations and covenants herein; no separate check, initial or signature is required.
SINGLE SUBSCRIBER EXECUTION
Subscriber Signature: __________________________
/ Date: __________________
CONFIDENTIAL –2026-08-31– 14 / Page 14 of 16
PRIVATE PLACEMENT SUBSCRIPTION
AGREEMENT • CONFIDENTIAL
SIGNATURE PAGES
COMPANY ACCEPTANCE PAGE
EFFECT OF ACCEPTANCE
The Company accepts only the Shares and amount expressly entered below. If acceptance is partial, the unaccepted portion does not become
binding; any unaccepted funds received are refunded under Section 3.5. The Company confirms that the Subscriber entered an actual execution
date and that the Company completed the Section 7.3 determination and necessary pre-acceptance review.
Delivery of Schedule B, receipt of funds, a notice or an accounting entry is not acceptance. Only a signature on this page bearing the
actual date and made by an authorized representative constitutes acceptance. If the Subscriber has not already remitted, it shall pay
under Schedule B. Any amount remitted before acceptance becomes available to the Company only upon Closing under Article 4.
| Subscriber |
________________________________________________________ |
| Shares Accepted |
________________________ Shares |
| Purchase Price per Share |
US$2.52 |
| Amount Accepted |
US$ ______________________________ |
| Exemption |
Regulation S—Offshore Transaction Only |
| Subscriber Actual Execution Date |
________________________________________________________ |
TFA THERAPEUTICS, INC.
(formerly known as Cordyceps Sunshine
Biotech Holdings Co., Ltd.; OTCQB: RAJAF)
Authorized Signature: ________________________________________________
Name: ____________________________________________________________
Title: ____________________________________________________________
Date of Acceptance: __________________________________________________
CONFIDENTIAL –2026-08-31– 15 / Page 15 of 16
SCHEDULE B
OFFICIAL COMPANY WIRE INSTRUCTIONS—BANK DETAILS INTENTIONALLY BLANK
READ BEFORE PAYMENT
The Subscriber may remit before or after Company acceptance once it has received and verified this Schedule, provided that the Company
furnished the complete Agreement and Schedule A before remittance. Only an authorized Company representative may complete and sign the
blank fields, and the Subscriber must independently reconfirm them through a previously known Company contact channel. Issuance of this
Schedule, remittance by the Subscriber or receipt of funds by the Company does not constitute acceptance, allotment, issuance or Closing.
Funds remitted before acceptance are refundable subscription funds pending review, and any unaccepted amount will be refunded under Section
3.5.
Any instruction to remit to a personal account, undisclosed third-party account, crypto-asset wallet or an account different from the
account stated in this Schedule is a red flag; stop payment. Verification of this Schedule requires no additional Subscriber signature.
BANK DETAILS—COMPANY TO COMPLETE
| Account Name |
CORDYCEPS SUNSHINE BIOTECH HOLDINGS CO., LTD. |
| Account Capacity |
Account in Issuer’s name |
| Bank Name |
Taishin International Bank |
| Bank Address |
No.17, SEC. 2, JIANGUO N. RD., JHONGSHAN DISTRICT,
TAIPEI CITY 104, TAIWAN (R.O.C) |
| IBAN / Account No. or IBAN |
068760050895 |
| SWIFT / BIC |
TSIBTWTP |
| Payment Reference |
Subscription for OTCQB: RAJAF |
COMPANY AUTHENTICATION AND AUTHORIZATION
The Company confirms that the foregoing is the official payment instruction
for this subscription and may be issued before or after Company acceptance; issuance of this Schedule does not constitute Company acceptance.
The account arrangement has required corporate authorization. If an escrow or collection account not in the Company’s name is used,
the Company has completed necessary legal, accounting and KYC confirmation. Any change requires reissuance and renewed verification.
Company Authorized Signature: ___________________________________________
Name and Title: ___________________________________________________
Issue Date and Time: __________________________________________
Company Verification Reference (if any): _________________________________
— END OF DOCUMENT —
CONFIDENTIAL –2026-08-31– 16 / Page 16 of 16
