INVESTMENT REPRESENTATION LETTER AND SUBSCRIPTION AGREEMENT March 29, 2013Investment Representation Letter • April 10th, 2013 • Broadview Institute Inc • Services-educational services
The undersigned hereby agrees to purchase from Broadview Institute, Inc. (the “Company”) 4,500,000 units (the “Units”) at a price of $1.00 per Unit, with each Unit consisting of one share of Series B Preferred Stock, $0.01 par value per share (the “Preferred Shares”) and detachable Warrants to purchase two (2) shares of Common Stock, $0.01 par value per share (the “Common Stock”) at an exercise price of $0.50 per share. The terms and provisions of the Preferred Shares and the Warrants are set forth in Exhibits A and B, respectively. In addition, the undersigned hereby agrees to purchase from the Company 4,500,000 shares of Common Stock at a price of $0.25 per share (Common Shares). I understand that the Common Shares, the Preferred Shares, the shares into which the Preferred Shares are convertible (the “Conversion Shares”), the Warrants and the shares purchasable through exercise of the Warrants (the “Warrant Shares”; and collectively, with the Common Shares, Preferred Shares, the Conv
