Common use of Subscription Commitment Clause in Contracts

Subscription Commitment. 1.1 The undersigned (the "Subscriber") hereby irrevocably subscribes for and agrees to purchase from Trans-Orient Petroleum Ltd. (the "Company"), subject to the terms and conditions set forth herein, that number of units (the "Units") of the Company set out above the Subscriber's name on the execution page (10) of this agreement (the "Subscription") at the price per Unit of US$0.20 (the "Subscription Price") (the "Offering"). It is understood that the Units are part of a private placement of up to one million Units to be privately placed by the Company. Subject to the terms hereof, this Subscription will be effective upon its acceptance by the Company. By acceptance of and agreement to this Subscription, the Company covenants, agrees and confirms that the Subscriber will have the benefit of all representations, warranties, covenants and conditions set forth herein.

Appears in 3 contracts

Samples: Trans Orient Petroleum LTD/, Trans Orient Petroleum LTD/, Trans Orient Petroleum LTD/

AutoNDA by SimpleDocs

Subscription Commitment. 1.1 The undersigned (the "Subscriber") hereby irrevocably subscribes for and agrees to purchase from TransIndo-Orient Petroleum Pacific Energy Ltd. (the "Company"), subject to the terms and conditions set forth herein, that number of units (the "Units") in the capital of the Company set out above the Subscriber's name on the execution page (1011) of this agreement (the "Subscription") at the price per Unit of US$0.20 0.80 (the "Subscription Price") (the "Offering"). It is understood that the Units are part of a private placement of up to one million two hundred fifty thousand Units to be privately placed by the Company. Subject to the terms hereof, this Subscription will be effective upon its acceptance by the Company. By acceptance of and agreement to this Subscription, the Company covenants, agrees and confirms that the Subscriber will have the benefit of all representations, warranties, covenants and conditions set forth herein.

Appears in 1 contract

Samples: Trans Orient Petroleum LTD/

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.