SUBSCRIPTION AGREEMENTSubscription Agreement • October 5th, 2018 • GSRX Industries Inc. • Retail-food stores • New York
This Subscription Agreement (this “Agreement”) is being delivered to the purchaser identified on the signature page to this Agreement (the “Subscriber”) in connection with its investment in GSRX Industries Inc., formerly Green Spirit Industries Inc., a Nevada corporation (the “Company”). The Company is conducting a private placement offering (the “Offering”) of up to One Million Five Hundred Thousand Dollars ($1,500,000) (the “Maximum Offering”) of units of securities of the Company (each, a “Unit” and collectively, the “Units”), at a purchase price of $1.25 per Unit (the “Purchase Price”). Each Unit consists of (i) one (1) share of the Company’s common stock, par value $0.001 per share (the “Shares”), and (ii) warrants to purchase shares of the Company’s common stock, par value $0.001 per share (the “Warrants”). The number of shares underlying each Warrant shall be equal to 50% of the number of Shares issued to the Subscriber under this Agreement; provided, however, that no fractional
FORM OF WARRANTGSRX Industries Inc. • October 5th, 2018 • Retail-food stores
THIS WARRANT HAS BEEN, AND THE SHARES OF COMMON STOCK WHICH MAY BE PURCHASED PURSUANT TO THE EXERCISE OF THIS WARRANT (THE “WARRANT SHARES”) WILL BE, ACQUIRED SOLELY FOR INVESTMENT AND NOT WITH A VIEW TO, OR FOR RESALE IN CONNECTION WITH, ANY DISTRIBUTION THEREOF. NEITHER THIS WARRANT NOR THE SHARES (TOGETHER, THE “SECURITIES”) HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR ANY STATE SECURITIES LAWS. SUCH SECURITIES MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED OR HYPOTHECATED IN THE ABSENCE OF SUCH REGISTRATION OR AN OPINION OF COUNSEL SATISFACTORY TO THE COMPANY AND ITS COUNSEL THAT SUCH DISPOSITION IS EXEMPT FROM THE REGISTRATION AND PROSPECTUS DELIVERY REQUIREMENTS OF THE ACT AND OF ANY APPLICABLE STATE SECURITIES LAWS.
