Class D Unit Subscription Sample Clauses

Class D Unit Subscription. The Subscriber irrevocably subscribes for and agrees to purchase from the Corporation, Units, as part of an offering of Class D Units (the “Private Placement”), for the Aggregate Subscription Amount set out above in the Subscription Sheet above, at a price per Class D Unit equal to US$0.05. Each Class D Unit consists of one share of common stock of the Corporation, par value US$0.001 (a “Common Share”) and one Class D Warrant (each, a “Class D Warrant”), each Class D Warrant exercisable to acquire one Common Share at an exercise price of US$0.10 per share until the two (2) year anniversary of the Closing Date. The Class D Warrant Certificates will be in substantially the form attached hereto as Exhibit B. This subscription forms part of an offering of Class D Units by the Corporation estimated to raise up to US$1,000,000. There is no minimum offering or subscription amount that the Corporation is required to accept. The Corporation may raise less than US$1,000,000. The Subscription is subject to the following terms and conditions: