Stock Subscription Agreement between Knox Lawrence International, LLC and UtiliPoint International, Inc.

Contract Categories: Business Finance › Subscription Agreements
Summary

Knox Lawrence International, LLC agrees to purchase up to 2,000 shares of no par value common stock from UtiliPoint International, Inc. for a maximum of $100,000, within two months from July 1, 2009. The purchase amount and timing are at the discretion of the subscriber. The shares are being acquired for investment purposes only, not for resale. The agreement is signed by both parties' authorized representatives.

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EX-10.9 8 ex109.htm EXHIBIT 10.9 ex109.htm
Exhibit 10.9
 
STOCK SUBSCRIPTION AGREEMENT
 

 
To the Board of Directors of UtiliPoint International, Inc.
 
For a period of up to two (2) months after the date hereof, the undersigned hereby subscribes to purchase the no par value common stock of UtiliPoint International, Inc. in such amounts and at such times as the Subscriber (or its Permitted Transferees as defined in the Stockholders Agreement) determines, in its sole discretion, up to the maximum consideration and number of shares set forth opposite its name below.
 
Name
Consideration
Number of Shares
Knox Lawrence International, LLC
$100,000
2,000
 
 
Subscriber hereby represents and states the securities are being purchased for investment for its own account and not with a view towards the distribution thereof.  Subscriber acknowledges the securities were not offered for sale by means of publicly disseminated advertisements or sales literature.
 
DATED effective this 1st day of July, 2009.
Very truly yours,
  
     
     
  Knox Lawrence International, LLC  
     
       
 
By:
/s/  Nana Baffour  
    Name:  Nana Baffour  
    Title: Managing Principal  
       

Accepted this 1st day
of July, 2009.
 
UTILIPOINT INTERNATIONAL, INC.
 
By: /s/ CD Hobbs                                           
Name: CD Hobbs
Title: President and CEO