Prospectus Exempt Subscription Commitment Clause Samples
Prospectus Exempt Subscription Commitment. 2.1 The Subscriber (on its own behalf and, if applicable, on behalf of each person on whose behalf the Subscriber is contracting) hereby irrevocably subscribes for and agrees to purchase from the Issuer, subject to the terms and conditions set forth herein, that number of Units and at such price as set out in Section 4. Subject to the terms hereof, this Subscription Agreement will be deemed to have been made and be effective only upon its acceptance by the Issuer.
2.2 The Subscriber (on its own behalf and, if applicable, on behalf of each person on whose behalf the Subscriber is contracting) acknowledges and agrees that the Issuer reserves the right, in its absolute discretion, to reject this subscription for Units, in whole or in part, at any time prior to the Closing Date notwithstanding prior receipt by the Subscriber of a notice of acceptance of this subscription. Upon the Issuer’s acceptance of this subscription, this Subscription Agreement will constitute an agreement for the purchase by the Subscriber from the Issuer, and for the Issuer to issue and sell to the Subscriber, the number of Units set out on the execution page hereof and on the terms and conditions set out herein. If this subscription is rejected in whole, any cheques or other forms of payment delivered to the Issuer representing payment for the Units subscribed for herein will be promptly returned to the Subscriber without interest or deduction. If this subscription is accepted only in part, a cheque representing any refund for that portion of the subscription for the Units which is not accepted will be promptly delivered to the Subscriber by the Issuer without interest or deduction.
Prospectus Exempt Subscription Commitment. 2.1 The undersigned (the “Investor”) hereby subscribes for and agrees to purchase from Austral Pacific Energy Ltd. (herein the “Issuer”), subject to the terms and conditions set forth herein, that number of Shares of the Issuer set out on the face page of this Subscription Agreement at the price of US$1.30 per Share. Subject to the terms hereof, this Subscription will be deemed to have been made and be effective only upon its acceptance by the Issuer.
Prospectus Exempt Subscription Commitment. 2.1 The undersigned (the "Investor") hereby subscribes for and agrees to purchase from the Issuer, subject to the terms and conditions set forth herein, that number of Units of the Issuer set out on the face page of this Subscription Agreement at the price of Cdn.$1.80 per Unit. Subject to the terms hereof, this Subscription will be deemed to have been made and be effective only upon its acceptance by the Issuer.
Prospectus Exempt Subscription Commitment. 2.1 The undersigned (the “Investor”) hereby subscribes for and agrees to purchase from Austral Pacific Energy Ltd. (herein the “Issuer”), subject to the terms and conditions set forth herein, that number of Shares and Warrants of the Issuer set out on the face page of this Subscription Agreement at the price of US$0.50 per Share plus one half Warrant together. Subject to the terms hereof, this Subscription will be deemed to have been made and be effective only upon its acceptance by the Issuer.
2.2 The Warrants will be governed by the terms and conditions set out in the certificate representing the Warrants (the “Warrant Certificates”) which will be delivered to the Investor at Closing. Each Warrant Certificate will contain, among other things, provision for the appropriate adjustment in a class, number and price of the Warrant Shares upon the occurrence of certain events, including any subdivision, consolidation or re- classification of the common shares of the Issuer or payments of stock dividends or upon the merger or reorganization of the Issuer.
2.3 The Warrants are exercisable at US$1.00 per Share for 15 months from Closing.
Prospectus Exempt Subscription Commitment. 2.1 The Investor hereby subscribes for and agrees to purchase from the Issuer, subject to the terms and conditions set forth herein, that number of Units of the Issuer, and for the price, set out on the face page of this Subscription Agreement. Subject to the terms hereof, this Subscription Agreement will be deemed to have been made and be effective only upon its acceptance by the Issuer.
Prospectus Exempt Subscription Commitment. 2.1 The Subscriber (on its own behalf and, if applicable, on behalf of each person on whose behalf the Subscriber is contracting) hereby irrevocably subscribes for and agrees to purchase from the Issuer, subject to the terms and conditions set forth herein, that number of Units set out above the Subscriber’s name on page 1 of this Subscription Agreement at the price of CAD$0.10 per Unit. Subject to the terms hereof, this Subscription Agreement will be deemed to have been made and be effective only upon its acceptance by the Issuer.
2.2 Upon the Issuer’s acceptance of this subscription, this Subscription Agreement will constitute an agreement for the purchase by the Subscriber from the Issuer, and for the Issuer to issue and sell to the Subscriber, the number of Units set out on page 1 hereof and on the terms and conditions set out herein.
Prospectus Exempt Subscription Commitment. 2.1 The Subscriber hereby subscribes for and agrees to purchase from the Issuer, subject to the terms and conditions set forth herein, that number of Units of the Issuer set out on the cover page of this Subscription Agreement at a price of Cdn $1,000.01 per Unit (which includes the consideration for the Warrants as contemplated by section 2.2). Subject to the terms hereof, this Subscription Agreement will be deemed to have been made and be effective only upon its acceptance by the Issuer.
2.2 Cdn $1,000 per Unit, paid in cash on subscription, will be allocated to the purchase price of the Preferred Shares. The Subscriber will pay additional consideration of Cdn $0.01 per Unit for the Warrants, which consideration will be paid by the Subscriber on the date of issue by way of offset against the interest on the Subscription Proceeds payable to the Subscriber on the Closing Date pursuant to section 4.3(d) hereof.
Prospectus Exempt Subscription Commitment. 2.1 The undersigned (the “Investor”) hereby irrevocably subscribes for and agrees to purchase from Farallon Resources Ltd.. (herein “Farallon” or the “Issuer”), subject to the terms and conditions set forth herein, that number of Units of the Issuer set out above the Investor’s name on the execution page 2 of this Subscription Agreement at the price of Cdn.$0.40 per Unit. Subject to the terms hereof, this Subscription will be deemed to have been made and be effective only upon its acceptance by the Issuer.
Prospectus Exempt Subscription Commitment. 2.1 The undersigned (the “Investor”) hereby subscribes for and agrees to purchase from Medical Ventures Corp. (the “Issuer”), subject to the terms and conditions set forth herein, that number of Units of the Issuer set out on the face page of this Subscription Agreement at the price of C$2.00 per Unit. Subject to the terms hereof, this subscription is an offer by the Investor and will be deemed to have become an agreement only upon its acceptance by the Issuer.
Prospectus Exempt Subscription Commitment. 2.1 The undersigned (the “Investor”) hereby subscribes for and agrees to purchase from Austral Pacific Energy Ltd. (herein the “Issuer”), subject to the terms and conditions set forth herein, that number of Shares of the Issuer set out on the face page of this Subscription Agreement at the price of US$1.30 per Share. Subject to the terms hereof, this Subscription will be deemed to have been made and be effective only upon its acceptance by the Issuer.
2.2 The Investor may complete this subscription by payment of an initial tranche of US$5 million on the initial Closing. Subsequent closings will occur on one or more dates within a 120 day period after the initial closing on no less than 10 business days notice by the Issuer to the Investor. The Investor (or an affiliated Investor) has the right to require the completion of one or more additional subscriptions aggregating, together with the initial tranche of $5 million forwarded herewith, a total investment of $10 million. If notice is sent by the Investor it will confirm the amount required (up to the remaining subscribed amount) and the proposed Closing Date. At each subsequent Closing the representations and warranties of each party contained herein shall be deemed to have been made again by each party unless a party otherwise informs the other of a change in writing prior to such closing.