Subscription Agreement for Class B Shares in M-Health Middle East Ltd. by Artificial Life Entities

Summary

This agreement is between M-Health Middle East Ltd. and investors Artificial Life Asia Ltd., Artificial Life Investments Ltd., and Artificial Life Europe GmbH. The investors agree to subscribe for a specified number of Class B shares in M-Health Middle East Ltd. The payment for these shares is made by assigning certain accounts receivable to the company. The agreement is effective as of December 29, 2010, and includes acknowledgments of the assignment and payment obligations.

EX-10.9 3 d28201_ex10-9.htm EX-10.9

Exhibit 10.9


M-HEALTH MIDDLE EAST LTD.


FORM OF SUBSCRIPTION AGREEMENT


Used in the subscription for shares in M-Health Middle East, Ltd. By


ARTIFICIAL LIFE ASIA LTD.

ARTIFICIAL LIFE INVESTMENTS LTD. and

ARTIFICIAL LIFE EUROPE GMbH


The undersigned, hereby subscribes for ______________ shares of M-Health Middle East Ltd., a corporation organized under the laws of the Cayman Islands (the “Corporation”), which shares the Corporation and the undersigned agree have an aggregate fair market value of $_____________, as reflected by the current value of certain accounts receivable due to the undersigned from the assignor which are hereby assigned to the Corporation by the undersigned as consideration pursuant to this Subscription Agreement. The shares subscribed for shall be Class B Shares, as such shares are defined in Joint Venture Agreement among the members of the Corporation.


DATED:  December 29, 2010



INVESTOR



______________________

Its ____________________




ACCEPTANCE


The foregoing subscription agreement and the consideration reflected therein are hereby accepted.



M-HEALTH MIDDLE EAST LTD.



______________________

Its ____________________



PAYOR ACKNOWLEDGEMENT


The assignment by Investments to the Corporation of accounts receivable owed by the undersigned in the amount of $______________ is hereby acknowledged. The undersigned further acknowledges and confirms the amounts as payable by the undersigned to the Corporation, in the ordinary course, upon the above referenced transfer.



ASSIGNOR


______________________

Its ____________________