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I, _________(1)_________, do hereby subscribe
to purchase __(2)__ shares of Stock of ___________(3)___________,
a ___(4)___ corporation (the "Company"), Par Value
of which is $___(5)___, and for which I agree to pay $___(6)___
per share, for a total purchase price of $___(7)____.
I agree that my failure to pay any installments as may be
required in a promissory note accompanying this subscription
agreement is a default of my obligation hereunder, and if
those installments are not timely paid, (i) the Company may
immediately terminate this Agreement; (ii) my right, title
and interest in all the stock purchased hereby shall be null
and void; (iii) the Company may cancel all shares of stock
then held by me; (iv) I shall forfeit any monies which have
been paid to the Company hereunder; and (v) I shall be deemed
to have waived any and all claims or cause(s) of action which
I may have against the Company.
Sworn to and subscribed before me this _(10)_ day of________(11)_______,
_____________(13)______________ Notary Public
My Commission Expires:
ACCEPTED by and for the Corporation:
The information in this document is designed to provide an
outline that you can follow when formulating business or personal
plans. Due to the variances of many local, city, county and
state laws, we recommend that you seek professional legal
counseling before entering into any contract or agreement.
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