Common use of Subscription Commitment Clause in Contracts

Subscription Commitment. The Subscriber hereby subscribes for the purchase of _______________ shares of common stock at a purchase price of $0.50 per share for an aggregate purchase price set forth below. No subscription will be accepted for less than 50,000 shares, with an aggregate purchase price of at least $25,000 except in the sole discretion of the Company. The full purchase price is paid contemporaneously in the form of cashier’s check or by wire transfer to “PetroShare Corp.” $____________________ Amount of Subscription The Subscriber understands that this subscription is not binding on the Company until accepted by the Company, which acceptance is at the sole discretion of the Company and is to be evidenced by the Company’s execution of this Subscription Agreement where indicated. If the subscription is rejected, the Company shall return to the Subscriber, without interest or deduction, any payment tendered by the Subscriber, and the Company and the Subscriber shall have no further obligation to each other hereunder. Unless and until rejected by the Company, this subscription shall be irrevocable by the Subscriber. The Subscriber acknowledges that the Company has the right to close the subscription books at any time without notice and to accept or reject any subscription, in whole or in part, in its sole discretion. The subscriber further understands that the shares are being sold on a “best efforts” basis. Accordingly, the proceeds from any sale of common stock from this offering will be retained by us and deposited into our bank account and made available for all valid corporate purposes.

Subscription Commitment. The Subscriber hereby subscribes for the purchase of _______________ the number of shares of common stock at a purchase price of $0.50 0.40 per share for an aggregate purchase price set forth below. No subscription will be accepted for less than 50,000 shares, with an aggregate purchase price of at least $25,000 except in the sole discretion of the Company. The full purchase price is paid contemporaneously in the form of cashier’s check or by wire transfer to “PetroShare Corp.Malemark, Inc.” $____________________ Amount of Subscription The Subscriber understands that this subscription is not binding on the Company until accepted by the Company, which acceptance is at the sole discretion of the Company and is to be evidenced by the Company’s 's execution of this Subscription Agreement where indicated. If the subscription is rejected, the Company shall return to the Subscriber, without interest or deduction, any payment tendered by the Subscriber, and the Company and the Subscriber shall have no further obligation to each other hereunder. Unless and until rejected by the Company, this subscription shall be irrevocable by the Subscriber. The Subscriber acknowledges You acknowledge that the Company has the right to close the subscription books at any time without notice and to accept or reject any subscription, in whole or in part, in its sole discretion. The subscriber further understands that the shares are being sold on a “best efforts” basis. Accordingly, Accordingly the proceeds from any sale of common stock from this offering will be retained by us and deposited into our bank account and made available for all valid corporate purposes.

Subscription Commitment. The Subscriber acknowledges that the minimum subscription is 75,000 shares of Common Stock or $24,750 (which amount may be waived by the Company in its sole discretion). The Subscriber hereby subscribes for the purchase of _______________ shares the number of common stock at a purchase price of $0.50 per share for an aggregate purchase price Securities specified below and, as full payment therefor, agrees to pay in cash, the amount set forth below. No subscription will be accepted for less than 50,000 shares, with an aggregate purchase price of at least $25,000 except in the sole discretion of the Company. The full purchase price is paid contemporaneously in the form of cashier’s below by check made payable to “CrowdFunder Escrow Account,” or by wire transfer to “PetroShare Corp.” the escrow account of the Company. 76,000 At $____________________ Amount 0.33 per share for Number of Subscription Shares of Common Stock an aggregate of $ 25,080 The Subscriber understands that this subscription is not binding on the Company until accepted by the Company, which acceptance is at the sole discretion of the Company and is to be evidenced by the Company’s execution of this Subscription Agreement where indicated. If the subscription is rejected, or if the minimum offering amount of 300,000 shares of Common Stock ($99,000) (the “Minimum Offering”) is not achieved on or before January 31, 2008, 2008 (the “Offering Period”), the Company shall return to the Subscriber, without interest or deduction, any payment tendered by the Subscriber, and the Company and the Subscriber shall have no further obligation to each other hereunder. Unless and until rejected by the Company, or the Minimum Offering is not achieved within the Offering Period, this subscription shall be deposited into a non-interest bearing escrow account and shall be irrevocable by the Subscriber. The Subscriber acknowledges understands that the Company has may, in the right to close the event that more than 1,515,151 shares of Common Stock ($500,000) are subscribed, reduce this subscription books at in any time without notice amount and to accept any extent, whether or reject not pro rata reductions are made of any other investor’s subscription, in whole or in part, in its sole discretion. The subscriber further understands that the shares are being sold on a “best efforts” basis. Accordingly, the proceeds from any sale of common stock from this offering will be retained by us and deposited into our bank account and made available for accept all valid corporate purposessuch over-subscriptions.

Subscription Commitment. The Subscriber acknowledges that the minimum subscription is $24,500. The Subscriber hereby subscribes for the purchase of _______________ shares the number of common stock at a purchase price of $0.50 per share for an aggregate purchase price Securities specified below and, as full payment therefor, agrees to pay in cash, the amount set forth below. No subscription will be accepted for less than 50,000 sharesbelow by check made payable to ” A4S Security, with an aggregate purchase price of at least $25,000 except in the sole discretion of the Company. The full purchase price is paid contemporaneously in the form of cashier’s check Inc. Escrow Account,” or by wire transfer to “PetroShare Corp.” $_the escrow account of the Company. ___________________ Amount Number of Subscription Units At $3.50 per Unit for an aggregate of $ The Subscriber understands that this subscription is not binding on the Company until accepted by the Company, which acceptance is at the sole discretion of the Company and is to be evidenced by the Company’s execution of this Subscription Agreement where indicated. If the subscription is rejected, or if the Minimum Offering of 500,000 Units ($1,750,000) is not achieved within the offering period set forth in the Memorandum (the “Offering Period”), the Company shall return to the Subscriber, without interest or deduction, any payment tendered by the Subscriber, and the Company and the Subscriber shall have no further obligation to each other hereunder. In addition, if the Subscriber’s subscription is not among the first $2,772,000 received and accepted, the subscription will be retained in the escrow account until the Company receives shareholder approval to sell more than 792,000 Units. If shareholder approval is not received by December 30, 2006, the Company shall return to the Subscriber, without interest or deduction, any payment tendered by the Subscriber, and the Company and the Subscriber shall have no further obligation to each other hereunder. Unless and until rejected by the Company, or the Minimum Offering is not achieved within the Offering Period, (or, if the Subscription is not among the first 792,000 Units subscribed for), this subscription shall be irrevocable by the Subscriber. The Subscriber acknowledges understands that the Company has may, in the right event that the offering to close which the Memorandum relates is oversubscribed, reduce this subscription books at in any time without notice amount and to accept any extent, whether or reject not pro rata reductions are made of any other investor’s subscription, in whole or in part, in its sole discretion. The subscriber further understands that the shares are being sold on a “best efforts” basis. Accordingly, the proceeds from any sale of common stock from this offering will be retained by us and deposited into our bank account and made available for all valid corporate purposes.

Subscription Commitment. The Subscriber hereby subscribes for the purchase of _______________ shares the principal amount of common stock at a purchase price of $0.50 per share for an aggregate purchase price Series A Preferred set forth below. No subscription will be accepted for less than 50,000 shares, with an aggregate purchase price of at least $25,000 except in the sole discretion of the Company. The full purchase price is paid contemporaneously in the form of cashier’s check or by wire transfer to “PetroShare Corp.” Liquid Spins, Inc. $____________________ Amount of Subscription The Subscriber understands that this subscription is not binding on the Company until accepted by the Company, which acceptance is at the sole discretion of the Company and is to be evidenced by the Company’s execution of this Subscription Agreement where indicated. If the subscription is rejected, the Company shall return to the Subscriber, without interest or deduction, any payment tendered by the Subscriber, and the Company and the Subscriber shall have no further obligation to each other hereunder. Unless and until rejected by the Company, this subscription shall be irrevocable by the Subscriber. The Subscriber acknowledges You acknowledge that the Company has the right to close the subscription books at any time without notice and to accept or reject any subscription, in whole or in part, in its sole discretion. The subscriber further understands that the shares Securities are being sold on a “best efforts” basis. Accordingly, the proceeds from any the sale of common stock from this offering will the Securities shall be retained by us and deposited into our in the bank account and made available for all valid corporate purposesaccounts of the Company immediately upon acceptance of the Subscriber.

Subscription Commitment. The Subscriber hereby subscribes for the purchase of Series B Notes in the principal amount of $_______________ shares of common stock at a purchase price of $0.50 per share for an aggregate purchase price set forth below. No subscription will be accepted for less than 50,000 shares, with an aggregate purchase price of at least $25,000 except in the sole discretion of the Company. The full purchase price is paid contemporaneously in the form of cashier’s check or by wire transfer to “PetroShare Corp.” Corp. Escrow Account”. $______________________ Amount of Subscription The Subscriber understands that this subscription is not binding on the Company until accepted by the Company, which acceptance is at the sole discretion of the Company and is to be evidenced by the Company’s execution of this Subscription Agreement where indicated. If the subscription is rejected, the Company shall return to the Subscriber, without interest or deduction, any payment tendered by the Subscriber, and the Company and the Subscriber shall have no further obligation to each other hereunder. Unless and until rejected by the Company, this subscription shall be irrevocable by the Subscriber. The Subscriber acknowledges that the Company has the right to close the subscription books at any time without notice and to accept or reject any subscription, in whole or in part, in its sole discretion. The subscriber further understands that the shares are being sold on a “best efforts” basis. Accordingly, the proceeds from any the sale of common stock from this offering the Series B Notes first sold in the principal amount of $1,000,000 will be retained by us deposited with the Escrow Agent for the offering and deposited into our bank account and made available for all valid corporate purposesdispersed in accordance with the Company’s Private Offering Memorandum dated September 11, 2017 (the “Memorandum”).

Subscription Commitment. The Subscriber acknowledges that the minimum subscription is $30,000. The Subscriber hereby subscribes for the purchase of _______________ shares the number of common stock at a purchase price of $0.50 per share for an aggregate purchase price Securities specified below and, as full payment therefor, agrees to pay in cash, the amount set forth below. No subscription will be accepted for less than 50,000 shares, with an aggregate purchase price of at least $25,000 except in the sole discretion of the Company. The full purchase price is paid contemporaneously in the form of cashier’s below by check made payable to "Daybreak Oil & Gas Escrow Account," or by wire transfer to “PetroShare Corp.” the escrow account of the Company. Number of Units At $____________________ Amount 3.00 per Unit for an aggregate of Subscription $. The Subscriber understands that this subscription is not binding on the Company until accepted by the Company, which acceptance is at the sole discretion of the Company and is to be evidenced by the Company’s 's execution of this Subscription Agreement where indicated. If the subscription is rejected, or if the Minimum Offering of 730,000 Units ($2,190,000) is not achieved within the offering period set forth in the Memorandum (the "Offering Period"), the Company shall return to the Subscriber, without interest or deduction, any payment tendered by the Subscriber, and the Company and the Subscriber shall have no further obligation to each other hereunder. Unless and until rejected by the Company, or the Minimum Offering is not achieved within the Offering Period, this subscription shall be irrevocable by the Subscriber. The Subscriber acknowledges understands that the Company has may, in the right event that the offering to close which the Memorandum relates is oversubscribed, reduce this subscription books at in any time without notice amount and to accept any extent, whether or reject not pro rata reductions are made of any other investor's subscription, in whole or in part, in its sole discretion. The subscriber further understands that the shares are being sold on a “best efforts” basis. Accordingly, the proceeds from any sale of common stock from this offering will be retained by us and deposited into our bank account and made available for all valid corporate purposes.

Subscription Commitment. The Subscriber hereby subscribes for the purchase of _______________ shares of common stock Units at a purchase price of $0.50 50,000.00 per share Unit for an aggregate purchase price set forth below. No subscription will be accepted for less than 50,000 shares, with an aggregate purchase price of at least $25,000 50,000.00 except in the sole discretion of the Company. The full purchase price is paid contemporaneously in the form of cashier’s check or by wire transfer to “PetroShare Corp.Corp. Escrow Account.” $______________________ Amount of Subscription The Subscriber understands that this subscription is not binding on the Company until accepted by the Company, which acceptance is at the sole discretion of the Company and is to be evidenced by the Company’s execution of this Subscription Agreement where indicated. If the subscription is rejected, the Company shall return to the Subscriber, without interest or deduction, any payment tendered by the Subscriber, and the Company and the Subscriber shall have no further obligation to each other hereunder. Unless and until rejected by the Company, this subscription shall be irrevocable by the Subscriber. The Subscriber acknowledges that the Company has the right to close the subscription books at any time without notice and to accept or reject any subscription, in whole or in part, in its sole discretion. The subscriber further understands that the shares Units are being sold on a 20 Unit minimum, “all or none,” 120 Unit “best efforts” basis. Accordingly, the proceeds from any the sale of common stock from this offering the first 20 Units will be retained deposited in escrow with the Escrow Agent for the offering and not dispersed unless and until the minimum offering amount is received and collected by us and deposited into our bank account and made available for all valid corporate purposesthe Escrow Agent.

Subscription Commitment. The Subscriber acknowledges that the minimum subscription is $24,000. The Subscriber hereby subscribes for the purchase of _______________ shares the number of common stock at a purchase price of $0.50 per share for an aggregate purchase price Securities specified below and, as full payment therefor, agrees to pay in cash, the amount set forth below. No subscription will be accepted for less than 50,000 shares, with an aggregate purchase price of at least $25,000 except in the sole discretion of the Company. The full purchase price is paid contemporaneously in the form of cashier’s below by check made payable to “Daybreak Oil and Gas Escrow Account,” or by wire transfer to “PetroShare Corp.” the escrow account of the Company. At $____________________ Amount 1.50 per Unit for Number of Subscription Units an aggregate of $ The Subscriber understands that this subscription is not binding on the Company until accepted by the Company, which acceptance is at the sole discretion of the Company and is to be evidenced by the Company’s execution of this Subscription Agreement where indicated. If the subscription is rejected, or if the Minimum Offering of 1,000,000 Units ($1,500,000) is not achieved within the offering period set forth in the Memorandum (the “Offering Period”), the Company shall return to the Subscriber, without interest or deduction, any payment tendered by the Subscriber, and the Company and the Subscriber shall have no further obligation to each other hereunder. Unless and until rejected by the Company, or the Minimum Offering is not achieved within the Offering Period, this subscription shall be irrevocable by the Subscriber. The Subscriber acknowledges understands that the Company has may, in the right event that the offering to close which the Memorandum relates is oversubscribed, reduce this subscription books at in any time without notice amount and to accept any extent, whether or reject not pro rata reductions are made of any other investor’s subscription, in whole or in part, in its sole discretion. The subscriber further understands that the shares are being sold on a “best efforts” basis. Accordingly, the proceeds from any sale of common stock from this offering will be retained by us and deposited into our bank account and made available for all valid corporate purposes.

Subscription Commitment. The Subscriber hereby subscribes for the purchase of _______________ the number of shares of common stock at a purchase price of $0.50 0.40 per share for an aggregate purchase price set forth below. No subscription will be accepted for less than 50,000 shares, with an aggregate purchase price of at least $25,000 except in the sole discretion of the Company. The full purchase price is paid contemporaneously in the form of cashier’s check or by wire transfer to “PetroShare Corp.Liquid Spins, Inc.” $____________________ Amount of Subscription The Subscriber understands that this subscription is not binding on the Company until accepted by the Company, which acceptance is at the sole discretion of the Company and is to be evidenced by the Company’s 's execution of this Subscription Agreement where indicated. If the subscription is rejected, the Company shall return to the Subscriber, without interest or deduction, any payment tendered by the Subscriber, and the Company and the Subscriber shall have no further obligation to each other hereunder. Unless and until rejected by the Company, this subscription shall be irrevocable by the Subscriber. The Subscriber acknowledges You acknowledge that the Company has the right to close the subscription books at any time without notice and to accept or reject any subscription, in whole or in part, in its sole discretion. The subscriber further understands that the shares are being sold on a “best efforts” basis. Accordingly, Accordingly the proceeds from any sale of common stock from this offering will be retained by us and deposited into our bank account and made available for all valid corporate purposes.