BALLISTIC RECOVERY SYSTEMS, INC. SUBSCRIPTION AGREEMENTSubscription Agreement • February 22nd, 2007 • Ballistic Recovery Systems Inc • Aircraft parts & auxiliary equipment, nec • Minnesota
THIS SUBSCRIPTION AGREEMENT (the “Agreement”) is made effective as of the date of acceptance set forth on the signature page below, by and between Ballistic Recovery Systems, Inc., a Minnesota corporation (the ”Company”), and ___________ (a ______ of the Company) (referred to throughout the remainder of this Agreement as the “undersigned”) in connection with the private placement offering (the “Offering”) of shares of the Company’s common stock at $1.36 per share (the “Common Shares”) together with one three year warrant (“Warrant”) to purchase 6,296 shares of Common Stock (25% of the Common Shares purchased hereunder) at an exercise price of $2.00 per share (the “Warrant Shares”). Throughout this Agreement, the Common Shares, the Warrants and the Warrant Shares are collectively referred to as the “Securities.”
BALLISTIC RECOVERY SYSTEMS, INC. SUBSCRIPTION AGREEMENTSubscription Agreement • February 22nd, 2007 • Ballistic Recovery Systems Inc • Aircraft parts & auxiliary equipment, nec • Minnesota
THIS SUBSCRIPTION AGREEMENT (the “Agreement”) is made effective as of the date of acceptance set forth on the signature page below, by and between Ballistic Recovery Systems, Inc., a Minnesota corporation (the ”Company”), and Darrel Brandt (a director of the Company) (referred to throughout the remainder of this Agreement as the “undersigned”) in connection with the private placement offering (the “Offering”) of shares of the Company’s common stock at $1.36 per share (the “Common Shares”).
EMPLOYMENT AGREEMENTEmployment Agreement • February 22nd, 2007 • Ballistic Recovery Systems Inc • Aircraft parts & auxiliary equipment, nec • Minnesota
THIS EMPLOYMENT AGREEMENT, by and between Ballistic Recovery Systems, Inc., a Minnesota corporation (the “Company”), and Larry E. Williams (the “Executive”) is entered into on this 4th day of January, 2007 (the “Effective Date”).
