SUBSCRIPTION AGREEMENT
Light Revolution Fund, Inc.
000 Xxxxx X
Xxxxxx, Xxxxxxxxxx 00000
Gentlemen:
The undersigned purchaser (the "Purchaser") hereby
subscribes to the number of shares (the "Shares") of
common stock of Light Revolution Fund, Inc. (the
"Company") as follows:
Aggregate
Series Number of Per Share Purchase Price
Shares Price
Light Revolution 2,500 $10 $25,000
Fund
It is understood that a certificate representing
the Shares shall not be issued to the undersigned, but
such ownership shall be recorded on the books and
records of the Company's transfer agent.
Notwithstanding the fact that a certificate
representing ownership will not be issued, the Shares
will be deemed fully paid and nonassessable.
The Purchaser agrees that the Shares are being
purchased for investment with no present intention to
resell or redeem the Shares.
This Subscription Agreement supersedes any and all
prior subscription agreements between the Purchaser and
the Company.
Dated and effective as of the 2nd day of April, 1999.
Purchaser:
STETSON MAINE & CO. LLC
/s/Xxxxx Xxxx
---------------------
By: Xxxxx Xxxx
Title: Manager
ACCEPTANCE
The foregoing subscription is hereby accepted.
Dated and effective as of the 2nd day of April, 1999.
LIGHT REVOLUTION FUND,INC.
/s/Xxxxx Xxxxxx
-----------------
By: Xxxxx Xxxxxx
Title: President
