SAND TECHNOLOGY INC. NON-BROKERED PRIVATE PLACEMENT SUBSCRIPTION AGREEMENT FOR UNITSSubscription Agreement • March 30th, 2011 • Sand Technology Inc • Services-prepackaged software
The undersigned (the “Subscriber”) hereby irrevocably subscribes for and agrees to purchase from SAND Technology Inc. (the “Corporation”) that number of units (the “Units”) set out below at a price of U.S.$0.70 per Unit. Each Unit consists of two Class A common shares (the “Common Shares”) and one share purchase warrant (a “Warrant”) of the Corporation. Each Warrant entitles the holder thereof to purchase one additional Common Share (a “Warrant Share”) of the Corporation at a price of U.S.$0.50 per Warrant Share at any time until the earlier of the close of business on the day which is thirty six (36) months from the Closing Date (as defined herein) or the bid price of the stock has been above U.S.$1.50 for sixty (60) consecutive trading days. The Subscriber agrees to be bound by the terms and conditions set forth in the attached “Terms and Conditions of Subscription for Units” including without limitation the representations, warranties and covenants set forth in the applicable schedu
JOINT FILING AGREEMENTJoint Filing Agreement • March 30th, 2011 • Sand Technology Inc • Services-prepackaged software
This Joint Filing Agreement may be executed in one or more counterparts, each of which will be deemed to be an original copy of this Joint Filing Agreement and all of which, when taken together, will be deemed to constitute one and the same Joint Filing Agreement. The undersigned hereby agree to the joint filing of the Schedule 13D to which this Joint Filing Agreement is attached.
