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Important
Note:
Forms are to be used as a guide only to assist you. No liability is assumed for errors in substance or form. It is your responsibility to revise the forms to meet current law
requirements and your particular situation. No liability is assumed for improper use of these forms.
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SUBSCRIPTION
AGREEMENT
I,
____________________, do hereby subscribe to purchase ______ shares of Stock of
________________________,
a ________ corporation (the "Company"), Par Value of which is
$________, and
for which I agree to pay $________ per share, for a total purchase price of
$_________.
I agree that my
failure to pay any installments as may be required in a promissory note
accompanying
this subscription agreement is a default of my obligation hereunder, and if
those
installments are
not timely paid, (i) the Company may immediately terminate this Agreement; (ii)
my
right, title and
interest in all the stock purchased hereby shall be null and void; (iii) the
Company
may cancel all
shares of stock then held by me; (iv) I shall forfeit any monies which have been
paid
to the Company
hereunder; and (v) I shall be deemed to have waived any and all claims or
cause(s)
of action which
I may have against the Company.
DATED:
_____________________
______________________________
Sworn to and
subscribed before me this ____ day of_________________, 19____.
(SEAL)
_____________________________
Notary Public
My Commission
Expires:
_______________________
ACCEPTED by and
for the Corporation:
_____________________________
President
DATED:
______________________
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