Investment Agreement (August 13th, 2002)
INVESTMENT AGREEMENT (this "AGREEMENT"), dated as of July __, 2002 by and among VirTra Systems, Inc., a Texas corporation (the COMPANY), and the undersigned investor (the INVESTOR).
____________________ VIRTRA SYSTEMS, INC. ____________________ This Offering Consists of Up to $450,000 of the Company's Convertible Debentures Convertible Into the Company's Common Stock. ____________________ SUBSCRIPTION AGREEMENT ___________________ SUBSCRIPTION PROCEDURES (August 13th, 2002)
Convertible Debentures of VirTra Systems, Inc. (the "Company") are being offered (the "Debentures"). This offering is being made in accordance with the exemptions from registration provided for under Section 4(2) of the Securities Act of 1933, as amended (the "1933 Act") and Rule 506 of Regulation D promulgated under the 1933 Act. In order to purchase Debentures, each subscriber must complete and execute a questionnaire (the "Questionnaire") and a subscription agreement (the "Subscription Agreement"). In addition, the subscriber must make a payment to an escrow fund for the amount being purchased. All subscriptions are subject to acceptance by the Company, which shall not occur until the Company has returned the signed Company Signature Page. The Questionnaire is designed to enable the Purchaser to demonstrate the minimum legal requirements under federal and state securities laws to purchase the Debentures. The Signature Page for the Questionnaire and the Subscription Agreement co